No Addition can be made Against Individual for Cash Deposit of Tuition Fee received from Students during Demonetization Period: ITAT [Read Order]

Cash Deposit - Tuition Fee - Demonetization - ITAT - Income Tax - Tax - Taxscan

The Income Tax Appellate Tribunal (ITAT), Mumbai bench, has deleted an addition under section 69A of the Income Tax Act, 1961 in respect of cash deposit during demonetization period holding that the deposit was made out of tuition fee received from the students. The assessee, Ms. Riya Sunil Jain was aggrieved by the order of…

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