22 cash No Further a Mystery

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Assessee was owning just one source of earnings from buying and selling in beedi, tea energy and pan masala and so provisions of segment 115BBE with the Act should have no software so as to address the money on the assessee as income from other resources.

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There are a lot of circumstances whereby the cash is deposited inside the financial institution out with the sale proceeds. Having said that, the AO has done the addition of the same u/s sixty eight dealing with as unexplained cash credit score.

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He said the united kingdom have to transfer far from "dangerous subsidies" which "lock us right into a sub-best fuels for example diesel".

Here's 1 these problem made a read more decision by the ITAT Bangalore which may be pertinent for great deal of the taxpayers.

– AO culled out the deposits which was manufactured from financial institution notes that were declared as not authorized tender owing to demonetization of currency .

"The cost to the Northern Eire financial state will be about £25m and it's felt funds might be better put in on Electricity changeover in Northern Eire."

Out with the aforesaid cash deposits, the AO culled out, the deposits that was fabricated from financial institution notes that were declared as not legal tender owing to demonetization of forex. The details of the full cash deposits created by the Assessee in her bank account and also the cash deposits of cash/currency notes which were declared as not legal tender that were deposited through the Assessee in his two bank account are as follows:

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