ITAT deletes Income Tax Addition on Cash deposited from sales during demonetization:
The tribunal observed that the AO's addition was based on assumptions and found it unjustified. Therefore, the addition was deleted.
ITAT Deletes Unexplained Cash Deposits Addition
Nidhi
Apr 3, 2026
Premium
ITAT deletes Income Tax Addition on Cash deposited from sales during demonetization
The tribunal observed that the AO's addition was based on assumptions and found it unjustified. Therefore, the addition was deleted.
Also Read
IMFA Receives Rs 38.98 Lakh Income Tax Penalty Order Over Capital Gains From Property SaleITAT Restores Rs 1.47 Lakh Foreign Tax Credit Claim Dispute for Fresh Adjudication After Condoning 86-Day DelayCBDT Amends Income Tax Rules 2026, Introduces New TDS Reporting Requirements for Property TransactionsHigh Court Quashes ITAT Order Dismissing Actor Jayasurya’s Income Tax Appeal for Non-Appearance
About Author
Nidhi
Content Writer
Nidhi is a skilled content writer specializing in personal finance. She creates clear, engaging articles on mutual funds, investments, insurance, and wealth-building strategies. With a passion for simplifying complex financial topics, Nidhi helps readers make informed money decisions with confidence. She can be reached at [email protected]
Nidhi is a skilled content writer specializing in personal finance. She creates clear, engaging articles on mutual funds, investments, insurance, and wealth-building strategies. With a passion for simplifying complex financial topics, Nidhi helps readers make informed money decisions with confidence. She can be reached at [email protected]
Studycafe
New Delhi, Delhi, India
1832My Recent Articles
- Karnataka High Court Gives Another Chance in GST Matter Due to Lack of Hearing
- Delay Should Be Condoned if Explanation is Unrefuted: ITAT
- Non-Service of Income Tax Notice, Ill health of taxpayer, ITAT condones Appeal filing delay
- Books of Accounts Cannot be Rejected Without Any Specific Defect: ITAT Kolkata
- Karnataka High Court Sends ITC Matter Back to GST Authorities for Reconsideration
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts