No addition merely for time gap between withdrawals & redeposits into bank
November 27, 2024
Income Tax, ITAT
No addition can be made merely for time gap between withdrawals and redeposits into bank – ITAT In a recent judgment, Hon’ble ITAT Kolkata deleted addition for cash deposit in bank due to time gap between the withdrawals and redeposits into same bank without any findings of fact …