This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
AO justified in making addition for unexplained amount deposited in bank
Case Law Details
- Case Name
- George Alexander Vs The Assistant Commissioner of Income-tax (ITAT Cochin)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 1996- 97
- Courts
- All ITAT, ITAT Cochin
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
George Alexander Vs ACIT (ITAT Cochin)
The Assessing Officer in para 6 of the assessment order had catalogued the unexplained deposits in various bank accounts. While working out the unexplained deposits in the bank accounts of the assessee, the Assessing Officer had given due credit to the income declared by the assessee in the return of income filed. The Assessing Officer has also given credit to the deposits not representing income such as loan from Canfin, LIC maturity amount etc. The unexplained credits/deposits in the various bank accounts calculated by the Assessing Officer which was...
Author Info
