100 bed Requirement for Hospital’s Claim u/s 35AD(8): ITAT allows Deduction after Accepting Medical...

The ITAT has ruled that a "cash withdrawal from a son-in-law's NRE account," which was deposited during demonetization, was "sufficiently explained" and has deleted a ₹12 lakh addition. The tribunal's decision, which is a significant victory for the company, was made on the grounds that the company's claim was not supported by evidence. The ruling clarifies that a tax authority can't add a tax to a company's account without a valid reason.