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…
Rs. 42.72 Lacs Addition for Cash Deposits during Demonetization: ITAT Remands Case to AO
The ITAT remanded a case involving cash deposits during demonetization back to the AO for further investigation. The taxpayer had deposited significant amounts during the demonetization period, but the AO did not thoroughly examine the source of funds. The Tribunal emphasized the need for a detailed investigation to ascertain the legitimacy of these deposits.