ITAT: Cash Deposits From Members Not Unexplained Without Proper Verification:
ITAT held that member-wise cash deposits cannot be treated as unexplained under Section 68 without proper verification and upheld the co-operative society's Section 80P deduction.
ITAT Deletes Section 68 Addition Over Unverified Member Deposits
Vanshika verma
Jul 2, 2026
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ITAT: Cash Deposits From Members Not Unexplained Without Proper Verification
ITAT held that member-wise cash deposits cannot be treated as unexplained under Section 68 without proper verification and upheld the co-operative society's Section 80P deduction.
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Vanshika verma
Content Writer
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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