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2018 (2) TMI 596 - AT - Income TaxAddition on account of cash deposited in bank account - Held that:- AO has not brought on record that the cash in hand available with the assessee was not utilized for depositing in the various bank account. Particularly when, the AO himself accepted the deposits of ₹ 15,20,900/- in various bank accounts out of the said cash in hand available with the assessee, so there was no occasion to doubt the deposits of ₹ 26,55,000/- out of the cash in hand amounting to ₹ 49,30,572/- available with the assessee as on 01.04.2010. Therefore, considering the totality of the facts, delete the addition made by the AO and sustained by the CIT(A). - Decided in favour of assessee.
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