Tag: Cash deposits notices
Notice u/s 148 for cash deposit after preliminary enquiry was valid as assessee was a non-filer and failed to respond ABCAUS Case Law Citation ABCAUS 3397 (2020) (09) ITAT Important case law relied upon by the parties: Vinod Commodities Ltd. Vs. ACIT (2019) 182 DTR 49 (Jodh) Sh. …
Appeal allowed as assessee was illiterate, did not get good legal advice. Even proper and appropriate grounds could not be raised before CIT(A) ABCAUS Case Law Citation:ABCAUS 3253 (2020) (02) ITAT In the instant case, appeal was filed by the assessee against the order of the CIT(A) in …
Addition made for not explaining frequent cash withdrawal and deposits in bank deleted as addition solely based upon suspicion not sustainable ABCAUS Case Law Citation: ABCAUS 3041 (2019) (06) ITAT The instant appeal was filed by the assessee against the order of CIT(A) in sustaining addition of cash …
ITAT accepted explanation for cash deposits in bank account as there were only cash deposits in bank account and no visible sign of any business transactions ABCAUS Case Law Citation: ABCAUS 2958 (2019) (05) ITAT The only effective issue raised in the instant appeal was against the confirmation …
Cash deposited in bank after kept in hand for two years out of FDR maturity accepted as Revenue could not prove that such amount was spent elsewhere ABCAUS Case Law Citation: ABCAUS 2957 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. K. Sreedharan …
Substantial cash deposits during demonetisation, AO to complete best judgment assessment by 30th June 2019 where notices u/s 142(1) not responded CBDT vide letter dated 15.11.17 had issued a SOP for issue of notice u/s 142(1) of Income-tax Act, 1961 for filing of returns of income pertaining to …
SoP for issue of notice for substantial cash deposit during demonetisation period. CBDT issues procedure for issue of notice u/s 142(1) of Income-tax Act F.No. 225/363/2017-ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, N.Delhi, dated the 15th November, 2017 To All Principal Chief-Commissioners …
Cash deposits notices from Income tax department on demonetization of currency notes-sending started. Notice from Investigation Wing Siliguri It is learnt that Income Tax Department (Directorate of Investigation) apart from asking cash balances as on 08-11-2016, has started sending notices for inquiring cash deposits made. It is notable …
