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![Cash Withdrawals During Demonetisation Taxed u/s 68: ITAT Deletes ₹62 Lakh Addition treating them as Business Turnover [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/500x300_2088266-cash-withdrawals-demonetisation-itat-business-turnover-taxscan.webp "Cash Withdrawals During Demonetisation Taxed u/s 68: ITAT Deletes ₹62 Lakh Addition treating them as Business Turnover [Read Order]")
Cash Withdrawals During Demonetisation Taxed u/s 68: ITAT Deletes ₹62 Lakh Addition treating them as Business Turnover [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) deleted ₹62 lakh addition under section 68 of Income Tax Act,1961, holding that cash...
![Cash Deposits not Corroborated with Business Receipts or Cash Withdrawals: ITAT upholds Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposits-Business-Receipts-Cash-Withdrawals-ITAT-Taxscan.jpg "Cash Deposits not Corroborated with Business Receipts or Cash Withdrawals: ITAT upholds Addition u/s 68 [Read Order]")
![TDS on Cash Withdrawals: Calcutta HC passes interim Order restraining collection of TDS u/s 194N [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/TDS-on-Cash-Withdrawals-Calcutta-High-Court-TDS-taxscan.jpg "TDS on Cash Withdrawals: Calcutta HC passes interim Order restraining collection of TDS u/s 194N [Read Order]")
![TDS on Cash Withdrawals: CBDT clarifies on Validity of Exemption Notifications [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/07/TDS-Cash-Withdrawals-CBDT-Income-Tax-Taxscan.jpg "TDS on Cash Withdrawals: CBDT clarifies on Validity of Exemption Notifications [Read Circular]")
Frequent Withdrawal and Deposit of Own Money not Prohibited by Law: ITAT Deletes Addition [Read Order]
The Lucknow bench of the Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer cannot make an addition merely on the ground of the assessee made frequent withdrawal and deposit of his...
![Frequent Withdrawal and Deposit of Own Money not Prohibited by Law: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Money-Laundering-Taxscan.jpg "Frequent Withdrawal and Deposit of Own Money not Prohibited by Law: ITAT Deletes Addition [Read Order]")
