Unexplained Cash Deposit u/s 69A: Inconsistencies in Explanations Fail to Justify Source During Demonetization Period.

Unexplained cash deposit in bank account u/s 69A - story created by assessee for withdrawing the amount for settlement of the matrimonial dispute - There is a contradiction in the explanation of the assessee made before AO as well as before Ld. CIT(A). Thus assessee failed to explain the source of cash deposit in her bank account during demonetization period. - AT .....

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