Income Tax Addition cannot be made against Employee Handling Cash on behalf of Employer: ITAT [Read Order]

Income-Tax-Addition-Employee-handling-Cash-Employer-ITAT-Taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income tax addition not maintainable in the hands of the employee when the employee was merely handling the cash on behalf of the employer. During the course of the search, cash to the tune of ₹.4,66,73,200/- was found in the premises of…

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