https://www.taxtmi.com/highlights?id=61520 Unexpalined Cash deposited in bank account - unsatisfactory explanation - The accounts, as noted, do not reveal the activity being pursued by the assessee, much less of it being at Mumbai, or the purpose for which cash is/was being withdrawn and accumulated, much less thereat. In the context of the case, it rather also raises the question if the cash withdrawn during earlier years, assuming so, was also at Mumbai and, where so, its relevance - Additions confirmed - AT en-us Wed, 19 Jan 2022 13:12:01 +0530 Wed, 19 Jan 2022 13:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61520 Unexpalined Cash deposited in bank account - unsatisfactory explanation - The accounts, as noted, do not reveal the activity being pursued by the assessee, much less of it being at Mumbai, or the purpose for which cash is/was being withdrawn and accumulated, much less thereat. In the context of the case, it rather also raises the question if the cash withdrawn during earlier years, assuming so, was also at Mumbai and, where so, its relevance - Additions confirmed - AT Highlights Income Tax Wed, 19 Jan 2022 13:12:01 +0530 https://www.taxtmi.com/highlights?id=61520