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2019 (10) TMI 1515 - AT - Income TaxAddition u/s 68 - unexplained cash credit - HELD THAT:- The assessee explained before AO that cash deposit in the bank account was out of opening cash balance available with the assessee as on 11.04.2007 and drawings made from its bank account from time to time. We noted that the CIT(A) deleted the addition as the revenue could not point out that the cash available with the assessee i.e. opening cash balance as on 01.04.2007 is not available or it was not disputed. Even now, before us, the Revenue has not disputed the availability of the cash balance and out of which the assessee claimed to have been deposited in the bank Account. Hence, we find no infirmity in the order of CIT(A) deleting the addition.
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