cash deposit in bank

  • Income Tax

Addition for cash deposit deleted as cash withdrawals, redeposit made during same year

Addition for cash deposit deleted as cash withdrawals, redeposit took place during the year itself, there was no question of…

5 years ago
  • Income Tax

Explanation for cash deposits in bank account accepted as there was no sign of business activity

ITAT accepted explanation for cash deposits in bank account as there were only cash deposits in bank account and no…

5 years ago
  • Income Tax

Cash deposited in bank after kept in hand for two years out of FDR maturity accepted

Cash deposited in bank after kept in hand for two years out of FDR maturity accepted as Revenue could not…

5 years ago
  • Income Tax

No Addition u/s 68/69 for cash deposits of amount returned by father/ brother out of gift by assessee

Addition u/s 68/69 deleted for cash deposit in bank of amount returned back by father and brother out of amount…

5 years ago
  • Income Tax

Addition u/s 68 for cash deposited in bank received from absconding debtor deleted

Addition u/s 68 for cash deposited in bank received from absconding debtor on the ground that notice sent was received…

5 years ago
  • Income Tax

Cash deposits in bank can be explained as out of gross receipts u/s 44AD from contract business

Cash deposits in bank can be explained as out of gross receipts u/s 44AD from contract business. ITAT deleted addition…

5 years ago
  • Income Tax

Cash deposit during demonetisation-AO to complete assessment by 30th June 2019

Substantial cash deposits during demonetisation, AO to complete best judgment assessment by 30th June 2019 where notices u/s 142(1) not…

5 years ago
  • Income Tax

If books not maintained under presumptive section, cash deposit in bank correlates to turnover-ITAT

When assessee not maintained books of account and filed under presumptive section, cash deposit in bank were correlated to the…

5 years ago
  • Income Tax

Harassing assessee in pretext of verifying documents is futile exercise – ITAT

Harassing assessee in the pretext of verifying documents futile exercise - ITAT deleted additions u/s 68 made for cash deposits…

5 years ago
  • Income Tax

Mere earlier withdrawals no basis for explaining subsequent cash deposited in bank – ITAT

Merely cash withdrawals at one point of time cannot be a sole basis for explaining the cash deposit in future.…

5 years ago