Dismissing the appeal the Court held that where assessee had failed to produce any material to authenticate his contention that cash deposits in his account were on account of sales being made by him from Kirana business, tax authorities were justified in making addition of unexplained cash entries in bank account in hands of assessee. (AY. 2010-11)
Ravinder Kumar v. ITO (2020) 273 Taxman 369 (Delhi)(HC)
S. 68 : Cash credits-Sales from Kiran business-Cash deposit in bank account-Failure to produce any material-Addition is held to be justified.
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