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Income Tax - Highlights / Catch Notes

Home Highlights February 2024 Year 2024 This

Unexplained money - proof of source cash deposited in bank ...

Income Tax

February 23, 2024

Unexplained money - proof of source cash deposited in bank account - proof of cash on hand - the Tribunal noted a lack of clear reasoning in rejecting the assessee's claim, especially regarding the business transactions in cash. Consequently, the Tribunal deleted the impugned addition.

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