Addition justified for unexplained deposits in undeclared bank account

Smt. Dharipalli Rangamma Vs ACIT (ITAT Visakhapatnam) Addition on account of Unexplained deposits in bank account found during search under Section 153C justified Conclusion: Since the bank account in which assessee made huge cash deposits found during the course of search was not declared by assessee and assessee had not filed return for the year under consideration, therefore, the same constituted seized material so as to invoke section 153C in assessee’s case. Held: Assessee had a bank account and made huge cash deposits in the said bank account. This fact had come to the notice of the d...