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![‘Hundi’ Receipts in Cash from Donors are Capital Receipts: ITAT [Read Order] ‘Hundi’ Receipts in Cash from Donors are Capital Receipts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Hundi-Receipts-Cash-from-Donors-Capital-Receipts-ITAT-Taxscan.jpg)
‘Hundi’ Receipts in Cash from Donors are Capital Receipts: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad Last week ruled that ‘hundi’ receipts in cash from donors are not revenue items but capital...