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Income Tax | FD Encashment Cannot Be Counted Again as Bank Deposit: ITAT Hyderabad

3 Oct 2026 · 3 Oct 2026By CA Vijayakumar ShettySource: TaxGuru

ITAT Hyderabad deletes ₹11.65 lakh addition as AO wrongly counted encashment of an existing fixed deposit as a fresh bank deposit. The post FD Encashment Cannot Be Counted Again as Bank Deposit: ITAT Hyderabad appeared first on TaxGuru .

Attribution

Original credit: CA Vijayakumar Shetty. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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