Every Deposit during Demonetization period Not amounts to Unaccounted Cash, Addition u/s 68 not allowable: ITAT [Read Order]

Deposit - Demonetization - Unaccounted Cash - ITAT - taxscan

Every deposit during demonetization period Not amounts to unaccounted cash , the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition u/s 68 not allowable The assessee Bhoopalam Marketing Service Pvt. Ltd. is a company registered under the Companies Act and carrying on the business as a franchise for various…

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