Bank Deposits need not be Separately Assessed, When Income was Estimated more than What Assessee has Disclosed: ITAT [Read Order]

The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) in Manne Baswa Reddy v.Income Tax Officer held that Bank Deposits need not be separately assessed when the estimated income is more than the income disclosed by the assessee. The assessee is an individual whose income is derived from retail trading in IMFL, under the trade name […]

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