Deposits in Bank-Income estimated 10% of cash and 20% of cheque deposits as the assessee reasonably proved that he was carrying on business activity – ITAT ABCAUS Case Law Citation: ABCAUS 1260 (2017) (05) ITAT Grievance: The appellant assessee had challenged the order passed by CIT(A), confirming the …
Unexplained income-cash deposited in bank after 2-3 months gap held not probable as withdrawals made in small amounts mostly by employee – Punjab & Haryana High Court ABCAUS Case Law Citation: ABCAUS 1187 (2017) (03) HC The Grievance: The appellant-assessee had filed the present appeal under Section 260A …
SOP for verification of Cash transactions deposits in bank by Income Tax Officers post demonetisation. CBDT issues detailed Standard Operating Procedures Instruction No. 03/2017 Government of India Ministry of FinanceDepartment of Revenue Central Board of Direct Taxes North Block, New Delhi Dated 21st of February, 2017 Subject: – …
