This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Bangalore ITAT Deletes ₹1.13 Crore Cash Deposit Addition; Mere Suspicion Cannot Override Accepted Books
Case Law Details
- Case Name
- Anand Chirania Vs DCIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Bangalore
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Anand Chirania Vs DCIT (ITAT Bangalore)
Bangalore ITAT Deletes ₹1.13 Crore Cash Deposit Addition; Mere Suspicion Cannot Override Accepted Books
The Bangalore ITAT deleted an addition of ₹1.13 crore made under Section 69A read with Section 115BBE, holding that once the assessee’s books of account reflected sufficient cash balances and the Revenue failed to prove that such cash had been utilized elsewhere, the cash deposits could not be treated as unexplained merely on the basis of suspicion or human probabilities.
The assessee had deposited ₹1.29 crore in bank accounts during demone...
Author Info
