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…
Huge cash sale in a particular month cannot be a reason for treating it as undisclosed income: ITAT
The ITAT ruled that a temporary surge in cash sales during a particular month does not automatically indicate undisclosed income. The taxpayer had maintained proper records and demonstrated a valid business reason. The Tribunal held that suspicion cannot substitute evidence. This case reinforces the importance of substantiation and documentation in defending against arbitrary tax additions.