https://www.taxtmi.com/highlights?id=48259 Addition u/s 68 - cash deposit in bank account - assessee claimed deposit relates to substantial cash withdrawn and out of opening cash in hand - in absence of any evidence with the AO that the assessee has infact consumed such huge cash and incurred huge expenditure for some other purpose addition not justified specially when assessee is showing huge income and also having agricultural income in the preceding years as well as current year en-us Mon, 29 Jul 2019 08:20:11 +0530 Mon, 29 Jul 2019 08:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48259 Addition u/s 68 - cash deposit in bank account - assessee claimed deposit relates to substantial cash withdrawn and out of opening cash in hand - in absence of any evidence with the AO that the assessee has infact consumed such huge cash and incurred huge expenditure for some other purpose addition not justified specially when assessee is showing huge income and also having agricultural income in the preceding years as well as current year Highlights Income Tax Mon, 29 Jul 2019 08:20:11 +0530 https://www.taxtmi.com/highlights?id=48259