ITAT Holds Mere Suspicion Over Surge in Jewellery Sales During Demonetisation Cannot Justify Addition :
The ITAT Mumbai Rules Cash Deposits During Demonetisation Cannot Be Treated as Unexplained Cash Credit When Supported by Evidence
ITAT Upheld Deletion of Addition
Saima
Aug 8, 2026
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ITAT Holds Mere Suspicion Over Surge in Jewellery Sales During Demonetisation Cannot Justify Addition
The ITAT Mumbai Rules Cash Deposits During Demonetisation Cannot Be Treated as Unexplained Cash Credit When Supported by Evidence
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Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
623My Recent Articles
- ITAT Allows Section 80P(2)(a)(i) Deduction on Interest Earned from Statutory Deposits with Co-operative Banks
- ITAT Upholds PCIT's Revisionary Order Under Section 263 for Fresh Verification
- ITAT Remands Reassessment to AO to Examine Validity of Notice Issued in Another Person’s Name
- ITAT Remands Section 80P Deduction Claim for Fresh Adjudication
- ITAT Remands Demonetisation Cash Deposit Case After Assessee Suffers Severe Fire Injuries
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