Cash Deposit Made in Bank Account Stands Thoroughly and Properly Explained: ITAT Deletes Addition of Rs. 7.43 Crore  [Read Order]

The cash deposit made by the assessee in his bank account and that the entire cash deposit made in his bank account stands thoroughly and properly explained
ITAT - Delhi bench - Bank Account - ITAT Deletes - Tax Appellate Tribunal - Cash Deposit - Income Tax -taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled that the cash deposit made in the bank account was thoroughly and properly explained, resulting in the deletion of an addition of Rs. 7.43 crore.”  The assessee has been engaged in the business of providing security, housekeeping, and manpower supply since 2009 under the…

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