The Income Tax Appellate Tribunal (ITAT), Indore bench has held that the past savings kept in the bank locker cannot be treated as Unexplained Investment merely for the reason that the amount was not deposited in the Bank. A search carried out in the premises of the assessee revealed an amount of 9.25 lakhs in […]
The post Past Savings kept in Locker not Unexplained Investment If Source is Explained: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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