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![Amount transferred from Current Account to Deposit Account to maintaining shortfall of Accounts cannot be consider Income of Assessee: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Chennai-Income-tax-Tax-news-Current-account-transfer-Income-tax-assessment-taxscan.jpg "Amount transferred from Current Account to Deposit Account to maintaining shortfall of Accounts cannot be consider Income of Assessee: ITAT deletes Addition [Read Order]")
Amount transferred from Current Account to Deposit Account to maintaining shortfall of Accounts cannot be consider Income of Assessee: ITAT deletes Addition [Read Order]
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) after deleting the addition made by the assessing officer held that the amount...
![Deemed Dividend Provisions not applicable to Current Account Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Deemed Dividend Provisions not applicable to Current Account Transactions: ITAT [Read Order]")
![Current Account Transactions would not attract Deemed Dividend: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Current-Account-Transactions-Taxscan.jpg "Current Account Transactions would not attract Deemed Dividend: ITAT [Read Order]")