Satisfactory Evidence as to Source of Cash Deposit: ITAT deletes Income Tax Addition of 6 lakhs [Read Order]

By Taxscan Team - On October 23, 2022 4:50 pm - 2 mins read
Evidence - Cash Deposit - ITAT - Income Tax Addition - taxscan

The Income Tax Appellate Tribunal (ITAT), Ahmedabad deleted addition of Six Lakhs as there was satisfactory evidence as to source of cash deposit. The sole issue in the present appeal relates to the addition made to the income of the assessee, Bipinchandra Purshotamdas Patel on account of unexplained cash deposits of Rs.6.00 lakhs in bank…

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