AO proceeded on the fallacious assumption that the bank deposits ...

Assessing Officer mistakenly treated bank deposits as undisclosed income without verifying the actual source of funds.

May 19, 2016

Case Laws Income Tax AT

AO proceeded on the fallacious assumption that the bank deposits constituted undisclosed income, over-looking the fact that the source of the deposits need not necessarily be the income of the assessee - AT

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AO proceeded on the fallacious assumption that the bank deposits ...

Assessing Officer mistakenly treated bank deposits as undisclosed income without verifying the actual source of funds.

May 19, 2016

Case Laws Income Tax AT

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