cash deposit in bank

  • Income Tax

If ITR processed u/s 143(1) AO can form reasons of income escapement by examining very ITR

Where ITR is processed u/s 143(1) AO can form reasons to believe that income has escaped assessment by examining the…

3 years ago
  • Income Tax

Addition u/s 69A for cash deposit in bank in excess of yearly salary income deleted

Addition u/s 69A for unexplained cash deposited in bank account of the assessee in excess of his yearly salary income…

3 years ago
  • Income Tax

Addition u/s 68 for cash deposit prior to issue of cheque by lender deleted as deposit was out of cash withdrawn earlier

Addition u/s 68 for cash deposit prior to issue of cheque by lender deleted as deposit was out of cash…

3 years ago
  • Income Tax

Earlier cash withdrawal can be explained as source for subsequent bank deposit – ITAT

Earlier cash withdrawal can be explained as source for subsequent bank deposit of cash, provided there are no evidence to…

3 years ago
  • Income Tax

ITAT remanded invocation of Section 115BBE denying set off of loss for income assessed u/s 68

ITAT remanded invocation of Section 115BBE denying set off of current year loss against income assessed u/s 68. ABCAUS Case…

3 years ago
  • Income Tax

Addition for cash deposit remanded as bank account was opened by by forging PAN Card and signature

Addition for cash deposit remanded as bank account was opened by someone else by forging PAN Card and signature of…

3 years ago
  • Income Tax

Cash deposits out of sale of opening stock not unexplained income High Court upheld ITAT

Cash deposits out of sale of opening stock not unexplained income. High Court upheld ITAT order which followed rule of…

3 years ago
  • Income Tax

Notice u/s 148 was valid as assessee was non-filer & failed to respond to preliminary enquiry

Notice u/s 148 for cash deposit after preliminary enquiry was valid as assessee was a non-filer and failed to respond…

4 years ago
  • Income Tax

Cash withdrawal to be considered as source of bank deposits after deduction for household expenses

Cash withdrawal to be considered as source of cash deposited in bank after deduction for reasonable household expenses - ITAT…

4 years ago
  • Income Tax

Appeal allowed as assessee was illiterate, did not get good legal advice on proper grounds

Appeal allowed as assessee was illiterate, did not get good legal advice. Even proper and appropriate grounds could not be…

4 years ago