INCOME TAX : Notice issued in SLP filed against High Court ruling that where Assessing Officer made addition under section 68 on account of a huge amount of cash deposited in bank account of assessee, since Tribunal found that along with deposits made by assessee there were also simultaneous withdrawals from its bank account leaving behind a negligible balance which showed that such deposits and withdrawals from bank represented trading activities of assessee,INCOME TAX : Notice issued in SLP filed against High Court ruling that where Assessing Officer made addition under section 68 on account of a huge amount of cash deposited in bank account of assessee, since Tribunal found that along with deposits made by assessee there were also simultaneous withdrawals from its bank account leaving behind a negligible balance which showed that such deposits and withdrawals from bank represented trading activities of assessee,www.taxmann.com Latest Case LawsRead More
