Unexplained cash deposits - In the light of the clear cut ...

Income Tax

April 13, 2021

Unexplained cash deposits - In the light of the clear cut explanation which is duly supported by; firstly, the sale receipt of the assessee; and secondly, the amount which has been transferred from current account to his savings bank account which was duly appearing in cash book, explains the entire source. Therefore, it cannot be held that the cash deposits remain unexplained. - AT

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Unexplained cash deposits - In the light of the clear cut ...

Income Tax

April 13, 2021

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