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
ITAT Deletes ₹12 Lakh Addition on SBN Deposits Post-Demonetization, Accepts Sales as Source
Appeal Against OrderIncome Tax
The ITAT has deleted a ₹10 lakh addition on Specified Bank Notes (SBN) deposits post-demonetization, accepting sales as the source. This ruling emphasizes the importance of providing evidence of sources of funds. It ensures that additions are not made arbitrarily. This decision underscores the need for clear and specific grounds for additions. It highlights the importance of fair and just tax administration. The ITAT's order protects the rights of taxpayers.
