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Income Tax - Highlights / Catch Notes

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Unexplained cash deposit - In many cases, small amounts were ...

Income Tax

March 27, 2017

Unexplained cash deposit - In many cases, small amounts were withdrawn two or three times on a single day by different persons. Further, the deposits in Bank were made after a gap of two-three instances of withdrawals - assessee was not able to link the cash withdrawn from the bank with the cash deposit - additions confirmed - HC

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