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ITAT allows farmer to lead evidence that agriculture produce was source of cash deposits in bank A/c
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Corporate Tax
ITAT allows farmer to lead evidence that agriculture produce was source of cash deposits in bank A/c
Posted on
on
October 12, 2018
Tenet Tax Daily October 03 2018
By
tenettax-team
Corporate Tax
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Receipts from allotment of shares in settlement of pre-existing liability couldn’t be treated as unexplained credit
HC upheld additions as assessee failed to prove that sum deposited in bank was from unutilized cash withdrawal
