News

SBI to revise its cash withdrawal charges on Basic Savings Bank Deposit (BSBD) accounts opened through the branch channel, effective from October 1, 2026.

SBI Revises Cash Withdrawal Charges on Basic Savings Bank Deposit Accounts; Effective from October 1

Judgement

ITAT has remanded the Rs 8.12 crore cash withdrawal disallowance case to the AO for fresh assessment after granting the assessee another opportunity to explain the transactions.

ITAT Remands Rs 8.12 Crore Cash Withdrawal Disallowance Case to AO for Fresh Assessment

Earlier withdrawals and documented receipts sufficiently explained cash re-deposited during demonetisation.

ITAT Accepts Cash Withdrawal Explanation, Deletes Unexplained Money Addition

ITAT deletes Section 69A addition after finding sufficient prior cash withdrawals from banks.

ITAT Grants Relief on Demonetisation Deposits, Sustains Circular Trading Findings

Disciplinary Committee holds statutory auditor guilty of “Other Misconduct” for withdrawing Rs. 43.75 lakh at director’s request

ICAI Reprimands CA for Cash Withdrawals from Client’s Bank Account During Audit Tenure

ITAT rules that cash deposits made during demonetisation were fully supported by recorded withdrawals of assessee and late mother; rejects additions based on suspicion and deletes ₹59.39 lakh.

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SBI Revises Cash Withdrawal Charges on Basic Savings Bank Deposit Accounts; Effective from October 1

ITAT Remands Rs 8.12 Crore Cash Withdrawal Disallowance Case to AO for Fresh Assessment

ITAT Accepts Cash Withdrawal Explanation, Deletes Unexplained Money Addition

ITAT Grants Relief on Demonetisation Deposits, Sustains Circular Trading Findings

ICAI Reprimands CA for Cash Withdrawals from Client’s Bank Account During Audit Tenure

ITAT Deletes Entire Rs. 59.39 Lakh Demonetisation Addition After Finding Cash Withdrawals Fully Supported