cash deposits

  • 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

Addition made for not explaining frequent cash withdrawal and deposits in bank deleted

Addition made for not explaining frequent cash withdrawal and deposits in bank deleted as addition solely based upon suspicion not…

5 years ago
  • Income Tax

ITAT reduced addition for cash deposits by estimating income, assessee might have saved

ITAT reduced addition u/s 69A for cash deposits in bank by estimating the income assessee might have saved from the…

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

Verification of cash deposits/withdrawals by struck-off companies-CBDT Instruction

Verification of cash deposits/withdrawals from bank accounts of struck-off companies particularly during demonetisation-CBDT Instruction Lately, the Registrar of Companies (RoCs),…

5 years ago
  • Income Tax

Explanation can not be rejected applying prudent mans behaviour test. HC deletes addition made for cash deposits

Explanation can not be rejected applying prudent mans behaviour test.  High Court deletes addition made for cash deposits applying Principle…

6 years ago