This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Addition unsustainable as genuineness of transaction proved
Case Law Details
- Case Name
- Rajeshkumar Baldevbhai Patel Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Rajeshkumar Baldevbhai Patel Vs ITO (ITAT Ahmedabad)
ITAT Ahmedabad held that assessee has produced many evidences to provide genuineness of the transactions and hence addition confirmed by CIT(A) is liable to be deleted.
Facts-
The assessee is an individual and engaged in agricultural activities and not filed the Return of Income. It is noticed by AO from the AIR information, the assessee has made cash deposits of Rs. 14,50,500/- in the saving bank account with Bank of India. In order to verify the above transaction, a letter dated 01.03.2017 was issued. However, no response ...
Author Info
