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Court Rules No Additional Tax Liability Due to Explained Cash Deposits u/s 69A of Income Tax Act.

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....Unexplained money u/s. 69A - As pleaded that the amount lying with the parents of smaller amounts has also been deposited in the bank account of the assessee. Even discarding this pleading, since the withdrawals and the amounts declared u/s.10(23)(c) in the returned income adequately proves the sources of cash deposits, no addition in this case is warranted - AT....

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Court Rules No Additional Tax Liability Due to Explained Cash Deposits u/s 69A of Income Tax Act.