My mind has stuck with an opinion. Please make me correct if i m wrong.....
If a person withdrew 4-5 Lakhs from his bank Account 3-5 months ago and he has disclosed this bank account in his ITR. He spent some amount of money (not in gold not in property). Now he recieved some money eg. 3-4 Lakhs in cash and not disclosed that 3-4 lakhs. Now he goes to deposit his money e.g 2-2.5 or 3 lakhs in that bank account. i think he can show that 2-2.5 or 3 lakhs is that money which he had withdrawn 3-5 months ago.....
CAclubindia
