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Income Tax - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

Cash deposit in the bank - additions as the unexplained income - ...

Income Tax

May 3, 2023

Cash deposit in the bank - additions as the unexplained income - When the amount has already been considered when preparing its return of income for the relevant assessment year, to treat the cash deposit in the bank as unexplained income of the assessee is nothing but double addition, which is not also permissible - AT

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