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withdrawl from bank

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(Querist)
01 December 2008
Dear all

An assessee has withdrawn Rs. 6,00,000 in financial year from his bank A/c,i.e Rs.3,00,000 each. and deposited the same amount in next year. so is it in accordance with provisions of Income tax.is there any case law relating to this..
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Taxguy

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Taxguy (Expert)
01 December 2008 For what purpose, what is the nature of assessee.
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K V Subba Rao

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K V Subba Rao (Expert)
01 December 2008 Get ready with justification to substantiate that amount was not employed to earn any income during the intervening period
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