ITAT Grants Relief of Rs. 2 Lakh Despite Lack of Complete Supporting Evidence:

The ITAT Mumbai has granted partial relief to an assessee by reducing the addition of Rs 4.60 lakh to Rs 2.60 lakh made under Section 68 on account of unexplained cash deposits.
ITAT Partly Deletes Addition Under Section 68

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ITAT Grants Relief of Rs. 2 Lakh Despite Lack of Complete Supporting Evidence
The ITAT Mumbai has granted partial relief to an assessee by reducing the addition of Rs 4.60 lakh to Rs 2.60 lakh made under Section 68 on account of unexplained cash deposits.
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Saloni Kumari
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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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