Addition on cash deposits - availability of funds for ...

Revenue Fails to Prove Misuse of Funds; No Income Addition for Cash Deposits Despite Four-Month Transaction Gap.

August 28, 2019

Case Laws Income Tax AT

Addition on cash deposits - availability of funds for re-depositing - no evidence has been made available by the Revenue to support the possibly unarticulated suspicion that the funds have been utilised elsewhere - a gap of about four months by itself in the peculiar circumstances does not lead to any conclusion which detracts from the merits of the claims made - no addition

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Addition on cash deposits - availability of funds for ...

Revenue Fails to Prove Misuse of Funds; No Income Addition for Cash Deposits Despite Four-Month Transaction Gap.

August 28, 2019

Case Laws Income Tax AT

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