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Income Tax - Highlights / Catch Notes

Home Highlights September 2022 Year 2022 This

Addition made being Specified Bank Notes deposited in the bank ...


Court Rules No Additions to Assessee's Account Due to Lack of Evidence from Assessing Officer on Cash Deposits.

September 27, 2022

Case Laws     Income Tax     AT

Addition made being Specified Bank Notes deposited in the bank account of the assessee - whether the assessee had sufficient cash balance in its books for making the said deposits in the bank account? - Assessee has furnished the evidences and replies from the parties - AO had not brought any cogent evidence on record to disbelieve the details furnished by the parties and the assessee. - No additions - AT

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