Sponsored
    Follow Us:

Case Law Details

Case Name : Anish Rajnikant Shah Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2011-12
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Anish Rajnikant Shah Vs ITO (ITAT Ahmedabad)

ITAT Ahmedabad held that genuineness of transaction, creditworthiness and identity of creditors not proved, hence addition u/s. 68 of the Income Tax Act towards unexplained credit duly sustained.

Facts- AO, from the ITS statement, noticed that the assessee has made cash deposit in his Saving Bank Account maintained with IDBI Bank, amounting to Rs.21,51,200/-. The assessee has not filed its return of income u/s 139, for the impugned assessment year, and the source of cash deposit remained unexplained. The assessmen

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31