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Income Tax - Highlights / Catch Notes

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Unexplained deposit of cash in the saving bank account of the ...

Income Tax

August 8, 2022

Unexplained deposit of cash in the saving bank account of the assessee - assessee has took different stand before the CIT(A) and explained the source of deposit as received from his deceased father leaving behind the said cash alongwith the Will - To ascertain the genuineness of the Will, AO was required to verify the genuineness of the signatures of the father either from the undisputed record bearing his signature or otherwise by examination of the attesting witnesses or any other relevant material. - Matter restored back with directions - AT

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