This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Cash Deposits Can’t Be Treated as Unexplained Without Rejecting Books
Case Law Details
- Case Name
- Jamaluddin Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Jamaluddin Vs ITO (ITAT Delhi)
Cash Deposits Can’t Be Treated as Unexplained Without Rejecting Books: Delhi ITAT Deletes ₹64 Lakh Addition & Penalty
Delhi ITAT allowed both the quantum as well as consequential penalty appeals, holding that addition of entire cash deposits of ₹64 lakh was unsustainable in law as the AO failed to reject the books of account u/s 145(3).
In the assessment framed u/s 143(3)/144, the AO treated cash deposits of ₹64 lakh as unexplained, without pointing out any defect in the books of account and without invoking section 145(3). The CI...
Author Info
