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![ITAT confirms Addition since there is No Direct Nexus b/w Amount Seized from Assessee and the Withdrawal from Bank Account of Assessee’s relative [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "ITAT confirms Addition since there is No Direct Nexus b/w Amount Seized from Assessee and the Withdrawal from Bank Account of Assessee’s relative [Read Order]")
ITAT confirms Addition since there is No Direct Nexus b/w Amount Seized from Assessee and the Withdrawal from Bank Account of Assessee’s relative [Read Order]
A division bench of the ITAT, Cochin, last day upheld an income tax addition rejective a fake claim of the assessee. In the instant case the assessee...