This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Provision of section 115BBE doesn’t apply as source of cash deposit explained
Case Law Details
- Case Name
- Mohamed Thajudeen Abuthahir Vs ITO (ITAT Chennai)
- 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 Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Mohamed Thajudeen Abuthahir Vs ITO (ITAT Chennai)
ITAT Chennai held that provisions of section 115BBE not invocable in case of addition u/s. 69A towards unexplained money as assessee is having only one source of income from business and claims that source for cash deposits is out of sales of the year.
Facts- The appellant is engaged in the business of retail trading of readymade garments. During the course of assessment proceedings, AO noticed that assessee has made cash deposits of Rs. 38,40,000/- during demonetization period to his bank account.
AO on the basis of information submitted by th...
Author Info
