Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (2) TMI 1164 - ITAT DELHIUnexplained cash deposits - Sufficiency of own funds - HELD THAT:- The assessee has placed cash flow statement to buttress the contention that the assessee was having sufficient reason for earning and making deposits in cash. A bare perusal of cash flow statement so submitted goes to prove that the assessee was having sufficient funds to make deposits. Therefore, considering the same, authorities below are not justified in making and sustaining the impugned addition. Hence, AO is hereby directed to delete the addition. The grounds raised by the assessee in this appeal are allowed.
|