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Income Tax - Highlights / Catch Notes

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Unexplained cash credits in the bank account of the assessee - ...

Income Tax

April 4, 2022

Unexplained cash credits in the bank account of the assessee - except stating that the Assessing Officer has already made additions towards investments made in property, the assessee could not file any documentary evidence to explain cash deposits found in bank account. - since the assessee could not file any satisfactory explanation, additions confirmed - AT

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