Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]

Cash Deposit - Real Estate Agent - Investor - Builder - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that cash deposit by a real estate agent is sustainable, not confirmed by an investor or builder. The appellant, Mayank Kumar Garg, is engaged in the business of monitoring and maintenance of advertising panels. During scrutiny assessment the Assessing Officer added cash deposits of Rs….

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