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Income Tax - Highlights / Catch Notes

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Unexplained cash deposit in bank account u/s 69A - story created ...

Income Tax

February 2, 2021

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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