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
← back
Informative
Addition of Rs.41 Lakh in Demonetized Notes Treated as Unexplained Income Due to Deposits After 03.12.2016: ITAT Sets Aside CIT(A) Order
Appeal Against OrderIncome Tax
The Pune Bench of the ITAT examined a case where the assessee deposited ₹41 lakh in demonetized notes after the permissible date, leading to its addition as unexplained income. The assessee argued that the deposits were from legitimate sales and provided bank certificates and deposit slips as evidence. The ITAT found that these documents were not adequately considered by the lower authorities and set aside the CIT(A)'s order, directing a fresh assessment.
