Addition of Unexplained Cash not sustainable when Primary onus was discharged by sufficient evidence: ITAT [Read Order]

unexplained cash - sustainable - primary onus - sufficient evidence - ITAT - Taxscan

The addition of unexplained cash is not sustainable when the primary onus was discharged by sufficient evidence, the Mumbai bench of the Income Tax Appellate Tribunal(ITAT) set aside the order of addition under section 68 of the Income Tax Act. The appellant assessee, Vishwanath Ramchandra engaged in the business of transportation, hiring out of JCB,…

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
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader