This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Same-Day Cash Withdrawal and Deposit Not Unexplained Income
Case Law Details
- Case Name
- Baldev Singh Vs ITO (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Chandigarh
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Baldev Singh Vs ITO (ITAT Chandigarh)
Same-Day Withdrawal & Redeployment Explained: Chandigarh ITAT Deletes ₹1.25 Cr 69A Addition on Bank Deposits
Chandigarh ITAT, Division Bench ‘A’, in Shri Baldev Singh Vs ITO (ITA No.498/CHD/2025; AY 2016-17; order dated 18-12-2025), allowed the assessee’s appeal and deleted the addition of ₹1.25 crore made u/s 69A towards alleged unexplained cash deposits.
The Tribunal noted that the assessee had withdrawn ₹1.25 crore from his HDFC Bank account on 20-07-2015 and redeposited the same amount into his Axis Bank account on 21-07-2015, which was...
Author Info
