Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]

ITAT - ITAT Mumbai - Income Tax - Cash Deposit - Corporation bank - TAXSCAN

The Two member bench of Income Tax Appellate Tribunal ( ITAT ) of Mumbai while deleting the addition made by the assessing officer the bench held that the source of cash deposit made in corporation bank is out of advance money received from the sale of property. The Assessee Aashish Luthra did not file any…

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