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
Disclosure alone Insufficient to Escape Applicability of Section 69A: ITAT
Income Tax
The ITAT held that mere disclosure of funds is not sufficient to avoid taxation under Section 69A. The assessee failed to provide corroborative evidence explaining the source of cash. The ruling reiterates the importance of proper documentation and onus on the taxpayer to explain unaccounted income.
