Assessee Deposited Cash from Earlier Withdrawals: ITAT quashes Rs. 9.84 Lakh Income Additions [Read Order]

The ITAT provided relief to a Canara Bank employee and national hockey player, by setting aside income additions totaling Rs. 9.84 lakh
ITAT - ITAT Bangalore - Income Tax - Income Additions - Cash Deposit - ITAT quashes Income Additions - Taxscan

In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) in Bangalore provided relief to a Canara Bank employee and national hockey player, by setting aside income additions totaling Rs. 9.84 lakh. The appeal  for the assessment year 2017-18, stems from cash deposits made in the assessee/appellant,  Bharat Kumar Chetri’s bank account. The…

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