Source for cash deposit in Saving Bank Account is made out of Sale Proceeds of Flat: ITAT deletes Addition

ITAT - ITAT Delhi - Income Tax - Saving Bank Account - TAXSCAN

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) while deleting the addition made by the assessing officer held that source for cash deposit in savings bank account is made out of sale proceeds of flat. The Assessee Siddharth Mehta deposited Rs. 29 lakhs in his savings bank account. This information was obtained…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now