Assessee company are involved with business of precious jewelry change Each other Assessing Administrator and you can DDIT (Inv A study under area 133A is actually used at organization site away from Assessee from the Deputy Manager (Investigation) and he found that Assessee placed huge sum into the large denominations of specified bank cards article demonetization. Yet not, AO held that being said count is unexplained, dollars credits representing unaccounted currency is actually put for the organization into the disguise off jewellery sales, and, correctly, generated inclusion around area 68 because of told you cash deposit. This new Tribunal indexed...
