Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (11) TMI 102 - AT - Income TaxUnexplained Cash Credits - Held that:- Source of cash deposits as same should have been withdrawn from another account generally during the period of one year before the date of deposit is accepted - CIT(A) has shown all the patience and it seems that the assessee was not fully cooperating by adducing any evidence for the source against the deposits as the ld. CIT(A) has given opportunity on various dates and case dragged before him for two years - In the facts and circumstances of the case CIT(A) has correctly adjudicated the issue and Order of CIT(A) is confirmed - In the result, cross-appeals filed by the revenue and the assessee are dismissed.
|