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Income Tax - Highlights / Catch Notes

Home Highlights August 2021 Year 2021 This

Unexplained money deposited in bank account - stand of the ...


Assessee's Explanation for Unexplained Bank Deposits Accepted, Additions Deleted by Authorities.

August 7, 2021

Case Laws     Income Tax     AT

Unexplained money deposited in bank account - stand of the assessee was that the cash deposited in his bank accounts are from the prospective buyers of vehicles/agricultural implements from where, he is working as Exchange Manager. Later on the cash was withdrawn and handed over to the employer i.e., Automobile Company - Accepting the contention, additions deleted - AT

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