ITAT Grants Fresh Opportunity to Prove Rs 7.38 Crore Cash Deposits as Business Receipts:
ITAT remanded the matter to the AO, granting the taxpayer a final opportunity to substantiate that Rs 7.38 crore cash deposits were genuine business receipts with supporting evidence.
ITAT Remands Rs 7.38 Cr Cash Deposit Case
Vanshika verma
Jul 13, 2026
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ITAT Grants Fresh Opportunity to Prove Rs 7.38 Crore Cash Deposits as Business Receipts
ITAT remanded the matter to the AO, granting the taxpayer a final opportunity to substantiate that Rs 7.38 crore cash deposits were genuine business receipts with supporting 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.
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.
Studycafe
Delhi, Delhi, India
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