ITAT treats Source for Cash Deposits found in Bank Accounts as Unexplained Money on Unsubstantiated Evidence [Read Order]

ITAT treats Source for Cash Deposits - ITAT - Source for Cash Deposits - Cash Deposits - Bank Accounts as Unexplained Money - Bank Accounts - Unexplained Money - Unsubstantiated Evidence - income tax - taxscan

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), treated the source for cash deposits found in bank accounts as unexplained money on unsubstantiated evidence The assessee, Eswara Reddy Kolli, is a partner of a firm M/s. Golden Marine Harvest filed the return of income for the assessment year 2014-15 and the case has…

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