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Demonetisation

ITAT Confirms Legitimacy of Aries Agro’s Cash Deposits During Demonetisation Citing Clear and Verified Records [Read Order]

Kavi Priya

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of additions under Section 68 of the Income Tax Act, 1961, ...

ITAT Allows Appeal, Deletes Unexplained Cash Addition of Rs.3.45 Lakh Citing Agricultural Income &...

Cash Deposit during Demonetization: ITAT partly deletes Rs. 3.5 lakh Addition based on CBDT...

Bombay HC Directs RBI to Accept ₹20 Lakh Demonetized Currency due to Seizure by Income Tax...

How to return 2000 notes - return 2000 notes to rbi - 2000 note exchange - taxscan

Confused with 2000 Rupee notes lying around for Return? Here's All You Need to Know

Cash Deposit out of Gold Loan during Demonetization, duly Explained: ITAT deletes Addition [Read Order]

The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside the appellate order and deleted the addition made by the Assessing Officer(AO) of considering gold loan amount as...

ITAT upholds Cash Sales of Business of Trading of Gold/Silver Jewellery during Demonetisation Period were Bonafide [Read Order]

The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) upheld that cash sales of business of trading of gold /silver jewelry during the demonetisation period were bonafide. The...

ITAT - ITAT Delhi - sales of business - Gold/silver jewellery - tax news - Taxscan

Transfer of FD of Deceased Husband during Demonetisation Period for purchase Agriculture plot: ITAT Remands matter to AO for verification [Read Order]

The single member bench of Income Tax Appellate Tribunal ( ITAT ) of Pune while observing the transfer of fixed deposits of deceased husbands during the demonetisation period for purchase of...

Case Digest on Demonetization and Deposits

In 2016, the Indian Government demonetised Rs.500 and Rs.1,000 notes, creating havoc in the entire country. It was a joint decision of the authorities along with the Reserve Bank of...

Case Digest - Demonetization - Reserve Bank of India - Digest - taxscan

ITAT upholds Deletion of Addition u/s 69A upon Cash Found during Search after Demonetisation in Fiduciary Status as Director of Company [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of addition under Section 69A of the Income Tax Act 1961 upon cash found during search after demonetisation in...

ITAT directs to Estimate 25% Profit Towards Income from Sale of Milk Products Deposited in Bank During Demonetisation Period [Read Order]

The Income Tax Appellate Tribunal (ITAT) Chennai Bench directed to estimate 25% profit towards income from sale of milk products deposited in banks during the demonetisation period. Kannan...

Demonetization and Withdrawal of 2000 Rupee Notes from Circulation: Causes and Effects

It has been almost a little more than six years since the Government demonetized the classic and much beloved 1000 and 500 rupee notes, in an attempt to curb circulation and accumulation of black...