https://www.taxtmi.com/caselaws?id=382101 ITAT Kolkata held that cash deposits in bank accounts were not separately taxable where the assessee had already disclosed and paid tax on undisclosed income in earlier years. The Tribunal found that the earlier disclosed income was sufficient to cover the impugned deposits and that the deposits were traceable to the same pool of funds. On that basis, separate addition would amount to double taxation, so telescoping was allowed and the unexplained cash deposit addition was deleted. en-us Fri, 21 Jun 2019 00:00:00 +0530 Wed, 26 Jun 2019 06:30:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382101 ITAT Kolkata held that cash deposits in bank accounts were not separately taxable where the assessee had already disclosed and paid tax on undisclosed income in earlier years. The Tribunal found that the earlier disclosed income was sufficient to cover the impugned deposits and that the deposits were traceable to the same pool of funds. On that basis, separate addition would amount to double taxation, so telescoping was allowed and the unexplained cash deposit addition was deleted. Case-Laws Income Tax Fri, 21 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382101