cash deposit in bank

  • Income Tax

Unrelated person unlikely to give false affidavit to oblige assessee – ITAT deleted addition

Unrelated person unlikely to give false evidence to oblige the assessee, said ITAT deleting addition made for cash deposit on…

5 years ago
  • Income Tax

Addition made for cash deposits in undisclosed bank account do not hold any force as withdrawals and deposits do not constitute income in itself – ITAT 

Addition made for cash deposits in undisclosed bank account do not hold any force as withdrawals and deposits do not…

6 years ago
  • Income Tax

Mere cash deposit in bank account not escapement of income- ITAT quashed reassessment order

Mere deposit of cash in bank account cannot give rise to a belief of Assessing Officer that income had escaped…

6 years ago
  • Income Tax

Penalty u/s 271B treating cash deposits in bank as turnover u/s 44AB upheld by Tribunal

Penalty 271B treating cash deposits in bank as turnover u/s 44AB upheld by Tribunal when assessee could not explain source…

6 years ago
  • Income Tax

Professional like Advocate CA or Accountant would not open joint bank account with client – ITAT upheld addition

Addition for cash deposited in joint bank account upheld. A professional like Advocate CA or Accountant would not open a…

6 years ago
  • Income Tax

Question of source of purchase relevant only for year of purchase not sale-ITAT

Question of source of purchase relevant only for year of purchase not sale. Bank deposits made out of property sold…

6 years ago
  • Income Tax

No Addition for cash deposits in bank when sufficient cash is in hand. Assessee not supposed to tally notes withdrawn and deposited

No Addition for cash deposits in bank when sufficient cash is in hand. Assessee not supposed to keep track of…

6 years ago
  • Income Tax

Data of cash deposits in bank etc by Government servant to be shared with Vigilance

Data of cash deposits in bank etc by Government servant to be shared with Vigilance. ITD asked to send the…

7 years ago
  • Income Tax

Deposits in Bank-Income estimated 10% of cash and 20% of cheque deposits

Deposits in Bank-Income estimated 10% of cash and 20% of cheque deposits as the assessee reasonably proved that he was…

7 years ago
  • Income Tax

Unexplained income-cash deposit in bank after 2-3 months held not probable as withdrawals made in small amounts mostly by employee – P&H High Court

Unexplained income-cash deposited in bank after 2-3 months gap held not probable as withdrawals made in small amounts mostly by…

7 years ago