TMI BlogUnexplained deposits - Amount found deposited in the joint account of assessee as well as his wife in...Unexplained deposits - Amount found deposited in the joint account of assessee as well as his wife in the savings bank account - Even if it is presumed that the deposits made in the Axis Bank which has not been disclosed to the department was taken as correct still the entire amount cannot be taxed as done by the lower authorities. Therefore, taking into consideration of the fact that the assessee is into the contractual business which has not been disputed by the AO/Ld. CIT(A), for the ends of ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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