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    <title>2023 (6) TMI 1479 - ITAT BANGALORE</title>
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    <description>Tax Tribunal ruled in favor of the assessee, deleting the Rs. 1,82,952/- addition under Section 69A of Income Tax Act. The funds transferred between the assessee&#039;s own joint bank accounts were deemed adequately explained, negating claims of unexplained money. Consequently, related tax provisions (Section 115BBE and interest sections 234A, 234B, 234C) were not applicable. The appeal was allowed, with no additional tax liability imposed.</description>
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      <title>2023 (6) TMI 1479 - ITAT BANGALORE</title>
      <link>https://www.taxtmi.com/caselaws?id=461544</link>
      <description>Tax Tribunal ruled in favor of the assessee, deleting the Rs. 1,82,952/- addition under Section 69A of Income Tax Act. The funds transferred between the assessee&#039;s own joint bank accounts were deemed adequately explained, negating claims of unexplained money. Consequently, related tax provisions (Section 115BBE and interest sections 234A, 234B, 234C) were not applicable. The appeal was allowed, with no additional tax liability imposed.</description>
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      <pubDate>Tue, 13 Jun 2023 00:00:00 +0530</pubDate>
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