No Evidence of Cash Receipt: ITAT Deletes Addition of Rs.2.5 Crore due to Lack of Corroborative Proof
Section 28 of the Bharatiya Sakshya Adhiniyam, 2023 (BSA), which states that entries in regularly maintained books are admissible as evidence but require corroboration
By Adwaid M S - On April 8, 2025 5:16 pm - 2 mins read
The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has nullified an addition of Rs. 2.5 crore made by tax authorities against Shrigopal Rameshkumar Sales Pvt. Ltd. The tribunal ruled that the tax department failed to produce any corroborative evidence to support its claim of a cash receipt. The case pertained to the assessment year 2015–16,…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
