ITAT Held That Business Cash Deposits Cannot Be Treated as Unexplained Without Contrary Evidence
The ITAT Mumbai held that cash deposits that arise from disclosed business turnover can not be treated as unexplained money in absence of any material proving that such deposits represented unaccounted income
Saloni Kumari
Jun 1, 2026
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ITAT Held That Business Cash Deposits Cannot Be Treated as Unexplained Without Contrary Evidence
The ITAT Mumbai held that cash deposits that arise from disclosed business turnover can not be treated as unexplained money in absence of any material proving that such deposits represented unaccounted income
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Saloni Kumari
Content Writer
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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Delhi, Delhi, India
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