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No Interference required on Acceptance of Explanation for Unexplained Cash Deposits as Gifts: Karnataka HC [Read Order]
The Karnataka High Court has ruled that the Settlement Commission, by accepting explanations "in the spirit of settlement," cannot be faulted or...
![Cash Balance generated out of Cash Sales is Business Assets which can’t be deemed as ‘Cash in Hand’ for Wealth Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "Cash Balance generated out of Cash Sales is Business Assets which can’t be deemed as ‘Cash in Hand’ for Wealth Tax: ITAT [Read Order]")