Cash deposited in account of Assesee already taxed in the hands of his employer – No addition in the account of Employee

Vikas Sharma Vs ITO (ITAT Mumbai)

ITAT held that if the cash deposited in assessee’s bank account has already been taxed in the hands of M/s. Kareem’s Hospitality Pvt. Ltd (employer of assessee) or in the hands of the director of the assessee company Mr. Kareem Dhanani then no addition is warranted in the hands of the assessee who was performing the duty of manager in M/s. Kareem Restaurant.

FULL TEXT OF THE ORDER OF ITAT MUMBAI

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