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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Rs. 54.70 Lacs Addition for Cash Deposits During Demonetization: ITAT Grants Another Opportunity with Cost
Appeal Against OrderIncome Tax
The ITAT granted another opportunity, with cost, to explain cash deposits during demonetization, noting a ₹5 lakh addition. This decision emphasizes the importance of providing taxpayers with a fair chance to explain their financial transactions, even during scrutiny periods like demonetization. The imposition of costs suggests the ITAT found some merit in the initial addition but wanted further clarification. This case underscores the need for proper documentation of cash deposits.
