ITAT Deletes Rs 54.03 Lakh Demonetisation Cash Deposit Addition, Cites Lack of Evidence:

ITAT Deletes Rs 54.03 Lakh Demonetisation Cash Deposit Addition, Cites Lack of Evidence

ITAT deleted the Rs 54.03 lakh addition, holding that suspicion alone cannot override audited books and documentary evidence.

ITAT Deletes Rs 54 Lakh Demonetisation Addition

authorVanshika vermadateJul 12, 2026
Last update on Jul 11, 2026
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ITAT Deletes Rs 54.03 Lakh Demonetisation Cash Deposit Addition, Cites Lack of Evidence

ITAT deleted the Rs 54.03 lakh addition, holding that suspicion alone cannot override audited books and documentary evidence.

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Vanshika verma

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
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