Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
₹130 Cr Cash Deposits Not Unexplained u/s 68: ITAT Relies On Books To Delete Survey-Based Addition
Update / Judgement Date
03 Oct 2025
Source
Author
Sakshi Bhardwaj — WCP Legal Desk
Reading Time
1 min read
Income Tax
The ITAT held that cash deposits of ₹130 crore were not unexplained under Section 68 since they were duly recorded in audited books of account. The tribunal rejected additions made purely on survey statements without corroborative evidence. The article explains the tribunal’s reasoning on reliance on proper accounting records over presumptive additions.
