Unexplained Cash Deposit Leads to Addition u/s 68, Higher Tax Rate Applied Per Section 115BBE.
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....Addition u/s 68 - Applicability of higher rate of tax u/s 115BBE - Sourcing unsecured loan against Cash Deposit - the assessee has failed to explain the source of cash deposit to her bank account - The amount remained unexplained and the AO was right in making the addition - Addition made u/s. 68 with higher rate u/s. 115BBE - AT....




TaxTMI
TaxTMI