![ITAT deletes Addition on Cash Deposits during Demonetization Period on Proper Explanation as to Utilization [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-Cash-Deposits-Demonetization-Period-Demonetization-Proper-Explanation-Taxscan.jpg "ITAT deletes Addition on Cash Deposits during Demonetization Period on Proper Explanation as to Utilization [Read Order]")
ITAT deletes Addition on Cash Deposits during Demonetization Period on Proper Explanation as to Utilization [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition of cash deposits during demonetization on proper explanation as...
![SOP Issued by CBDT shall be followed while Making Addition in respect of Cash Deposits During Demonetization: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/SOP-CBDT-Addition-Cash-Deposits-Demonetization-ITAT-Taxscan.jpg "SOP Issued by CBDT shall be followed while Making Addition in respect of Cash Deposits During Demonetization: ITAT [Read Order]")
![Cash Deposit during Demonetization: ITAT Partially Upholds Addition in the Absence of Statement of Affairs for justifying Closing Cash Balance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Cash-Deposit-Demonetization-ITAT-Cash-Balance-Taxscan.jpg "Cash Deposit during Demonetization: ITAT Partially Upholds Addition in the Absence of Statement of Affairs for justifying Closing Cash Balance [Read Order]")
![Inflated Sales during Demonetization Period to be Computed After Considering Average Sales of Prior One Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Average-Sales-Demonetization-ITAT-Income-Tax-Tax-taxscan.jpg "Inflated Sales during Demonetization Period to be Computed After Considering Average Sales of Prior One Year: ITAT [Read Order]")
![Cash Deposits can be Accepted during Demonetization Period If Source is Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Cash-Deposits-Demonetization-Demonetization-Period-Source-ITAT-Taxscan.jpg "Cash Deposits can be Accepted during Demonetization Period If Source is Explained: ITAT [Read Order]")
Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) held that the burden of proof is on the assessee to establish genuineness of deposit during the demonetization period. The present...
![Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Deposit-Demonetization-ITAT-Burden-of-Proof-Income-tax-taxscan.jpg "Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]")
![Deposit of Cash kept for Medical Emergency Post- Demonetization: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deposit-of-Cash-kept-for-Medical-Emergency-Post-Demonetization-ITAT-Addition-Taxscan.jpg "Deposit of Cash kept for Medical Emergency Post- Demonetization: ITAT deletes Addition [Read Order]")
Demonetization through Gazatte Notification is Illegal: Know More About Dessenting Judgment by Justice Nagarathna [Read Order]
In a strong dissenting judgment against the majority view of the Supreme Court, Justice BV Nagarathna expressed that the notes ban initiated by the Centre "vitiated and unlawful" and the...
![Production of Proof for Cash deposit during Demonetization: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Production-Proof-Cash-deposit-deposit-Demonetization-Cash-taxscan-.jpg "Production of Proof for Cash deposit during Demonetization: ITAT deletes Addition [Read Order]")
No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that Income Tax Addition for cash deposits duly explained with cash flow statements is not permissible. Smt. Perminder Kaur...
![No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-Cash-Deposit-Demonetization-Cash-Flow-Statement-ITAT-taxscan.jpg "No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]")
Every Deposit during Demonetization period Not amounts to Unaccounted Cash, Addition u/s 68 not allowable: ITAT [Read Order]
Every deposit during demonetization period Not amounts to unaccounted cash , the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition u/s 68 not allowable The...
![Every Deposit during Demonetization period Not amounts to Unaccounted Cash, Addition u/s 68 not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Deposit-Demonetisation-Unaccounted-Cash-ITAT-taxscan.jpg "Every Deposit during Demonetization period Not amounts to Unaccounted Cash, Addition u/s 68 not allowable: ITAT [Read Order]")