Failure to Explain Source of Cash Deposit in Bank Account: ITAT Upholds Income Tax Addition [Read Order]

Failure to Explain Source - Cash Deposit in Bank Account - ITAT - Income Tax Addition - TAXSCAN

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the upheld income addition on failure to explain the source of cash deposit in bank account. The assessee, Mohan was engaged in the business of sale of software consultancy services and manpower consultancy. The assessee belatedly e-filed return of income on 04- 04-2013 and…

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