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 Rs. 29.82 Lakh Addition u/s 69A as Cash Deposits Duly Accounted in Books
Appeal Against OrderIncome Tax
The ITAT has ruled that an addition as cash deposits is not justified when duly accounted for in books. This decision emphasizes the importance of considering accounting records in tax assessments. It ensures that additions are not made without proper justification. This ruling 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.
