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Case Law Details

Case Name : Leela Devi Bumb Vs ITO (ITAT Jaipur)
Related Assessment Year : 2012-13
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Leela Devi Bumb Vs ITO (ITAT Jaipur)  Assessee, an individual, entered into commodity exchange transactions, but she did not disclose these transactions in her return of income. She had also deposited cash in her bank account. AO made addition under section 69 of the Income Tax Act, 1961 and the same was confirmed by CIT(A). She filed an appeal against the order on the ground that she was a sub-broker and the cash deposited in the bank belong to her clients. But assessee has not able to file any documentary evidence with regard to the nature and source of the cash deposits in her bank account...
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