Bank Deposit Tax Case India

Student’s Details Misused by Travel Agent: ITAT Quashes Unexplained Income Addition The ITAT Ahmedabad deletes the Rs 12.11 lakh addition made on the assessee’s income on the grounds of unexplained deposits of about 10 lakh made during the assessment year 2011-12 in the bank account with Dena Bank. The tribunal notes that the assessee’s details…