All the Cash Deposits in Saving Account is not Income of Assessee: ITAT allows Appeal [Read Order]

Cash Deposits in Saving Account - Saving Account - Cash Deposits - Income of Assessee - ITAT - Appeal - taxscan

The Ahmadabad bench of the Income Tax Appellate Tribunal (ITAT), while allowing the appeal filed by the assesee, recently held that all cash deposits in the savings account could not be considered as income of assessee. Asseseee Maniben Amrut Lal Patel had entered into a monetary transaction that cash deposited in the savings bank account…

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