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
Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing
Auditing and AssuranceIncome Tax
The ITAT has remanded a case for rehearing, ruling that a "₹10 crore deposited in a bank account" was unexplained income, as the AO had not considered all the documents. The tribunal's decision provides a significant victory for the taxpayer. The ruling clarifies that a tax authority must consider all the documents before making a decision.
