Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]

cash deposit - additional evidence - assessee - ITAT - taxscan

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT)has held that addition to a cash deposit is not allowable when additional evidence explaining the source is submitted by the assessee. Dr BR Ambedkar Jain Kalyan Swayam Sahayata Samiti, the assessee is an Association of Persons (AOP) whose assessment was completed under section 144 read…

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