All transactions in different bank accounts have to be taken in consideration while doing the Assessment

Advertisement Facts of the case These are the two appeals having the same issues in common. The Assessee is engaged in the business of running tent house and derives business profit, apart from income from property and agricultural income. During the assessment proceedings, AO observed that the amount of Rs.25,73,902 was deposited as cash on various dates in the bank account maintained with Andhra Bank and in the absence of any details and explanations for the sources of cash deposits, AO treated the entire cash deposits as unexplained income of the assessee and passed an ex-parte order u/s...