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Deposits u/s 68 Explained by Sufficient Cash Flow; Assessee's Position Upheld by Tax Authorities.

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Full Text of the Document

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....Addition of deposits found in bank statement u/s 68 - cash flow statement - adequate cash flow was available for deposits in the bank account. Hence, the assessee deserves to succeed on this count that there was available cash withdrawal from earlier period which is sufficient to cover the deposit amount. - AT....