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…
₹26.35 Lakh Addition on Cash Deposits during Demonetization: ITAT Orders Deletion
The ITAT has ordered the deletion of a ₹26.35 lakh addition on cash deposits during demonetization. The tribunal emphasized the need for considering the circumstances of the case. This decision protects taxpayers from unwarranted additions. The ruling clarifies the treatment of cash deposits during demonetization.