INCOME TAX : Where Commissioner revised assessment order on ground that cash deposits made by assessee were not made from disclosed source and actual difference between deposits and gross business turnover of assessee was not added by Assessing Officer, since assessee and her husband were super senior citizens and they had to keep liquid cash in hand and their children were sending money to their parents for their day to day needs and deposits were out of past savings,INCOME TAX : Where Commissioner revised assessment order on ground that cash deposits made by assessee were not made from disclosed source and actual difference between deposits and gross business turnover of assessee was not added by Assessing Officer, since assessee and her husband were super senior citizens and they had to keep liquid cash in hand and their children were sending money to their parents for their day to day needs and deposits were out of past savings,www.taxmann.com Latest Case LawsRead More
