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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Calcutta HC upholds ITAT Order Confirming Deletion of Addition made on Unexplained Cash Deposits during Demonetization Period
Income Tax
The Calcutta High Court upheld an Income Tax Appellate Tribunal (ITAT) order deleting additions made on unexplained cash deposits during demonetization. The court ruled in favor of the taxpayer, asserting that when cash sales were properly recorded in accounting books and supported by documentation, the deposits could not be treated as unexplained income under Section 69A of the Income Tax Act.
