ITAT upholds addition of Cash Deposits in Bank Accounts due to failure to explain Sources

ITAT - addition - Cash - Deposits - Bank - Accounts - failure - explain - Sources - TAXSCAN

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition made on account of cash deposited in the bank account due to failure to explain the source. Indra Sharma, the taxpayer  filed return for the Assessment Year 2014-15 at an income of Rs. 5,45,930/-, the assessment was completed under Section 144 of…

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