No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]

Demonetization - Salaried Person - ITAT - Cost Accountant - taxscan

While deleting an addition against a Cost Accountant, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the same cannot be made against an Individual who is earning income from salary filing return of income has deposited amount of Rs.2,30,000/- during demonetization period, as per the relevant CBDT circular. The assessee…

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Shri Aniket Agarwal vs Income Tax Officer

Counsel for Appellant:   Shri Sahil Gupta,Mukesh Kumar Jain

Counsel for Respondent:   Shri Om Prakash

CITATION:   2022 TAXSCAN (ITAT) 470

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