TMI BlogUndisclosed cash deposited to the bank - when the assessee has demonstrated that he had withdrawn cash...Undisclosed cash deposited to the bank - when the assessee has demonstrated that he had withdrawn cash from the bank and there is no finding by the authorities below that this cash available with the assessee was invested or utilised for any other purpose, in that event, it is not open to the authority to make the addition on the basis that the assessee failed to explain the source of deposits. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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