Unexplained Bank Deposits Can Lead to Income Additions u/s 69 of the Income Tax Act.

Unexplained Bank Deposits Can Lead to Income Additions u/s 69 of the Income Tax Act. https://www.taxtmi.com/highlights?id=20702 Even if no addition is justified u/s 68 of the Act, addition can be made u/s 69 of the Act in respect of deposit in bank account if the assessee cannot satisfactorily explain the source of deposit - AT en-us Wed, 19 Nov 2014 09:08:44 +0530 Wed, 19 Nov 2014 09:08:44 +0530 TaxTMI RSS Generator Unexplained Bank Deposits Can Lead to Income Additions u/s 69 of the Income Tax Act. https://www.taxtmi.com/highlights?id=20702 Even if no addition is justified u/s 68 of the Act, addition can be made u/s 69 of the Act in respect of deposit in bank account if the assessee cannot satisfactorily explain the source of deposit - AT Highlights Income Tax Wed, 19 Nov 2014 09:08:44 +0530 https://www.taxtmi.com/highlights?id=20702