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Addition for cash deposits only if source of deposits remains unexplained
Case Law Details
- Case Name
- Rajesh Madanlal Partani Vs ACIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2001-02 & 2002-03
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Table of Contents▸
Rajesh Madanlal Partani Vs ACIT (ITAT Pune)
Addition on account of cash deposits can be made only if the source of the deposits remains unexplained
Issuance of notice under section 143(2) is necessary for completing assessment under section 153A
Rajesh Madanlal Partani Vs ACIT (ITAT Pune)
Addition on account of cash deposits can be made only if the source of the deposits remains unexplained
Addition on account of cash deposits can be made only if the source of the deposits remains unexplained. If, on the other hand, the cash deposits in the bank are from the regular...
