![Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Medical-Emergencies-ITAT-Cash-Deposit-Demonetization-taxscan.jpg "Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]")
Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has deleted an addition of around 7 lakhs on account of cash...
![NRI couldn’t Prove Source of Cash Deposit during Demonetization: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/NRI-Cash-Deposit-Demonetization-ITAT-NRI-taxscan.jpeg "NRI couldn’t Prove Source of Cash Deposit during Demonetization: ITAT upholds Addition [Read Order]")
![No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Demonetization-Salaried-Person-ITAT-Cost-Accountant-taxscan.jpg "No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]")
![Tribute to All House Wives: ITAT deletes Addition for Cash Deposits below Rs. 2.5 Lakhs made during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/House-Wives-ITAT-Cash-Deposits-Demonetization-Taxscan.jpg "Tribute to All House Wives: ITAT deletes Addition for Cash Deposits below Rs. 2.5 Lakhs made during Demonetization [Read Order]")
Dept can't make Addition solely for receiving Scrapped Currencies Post-Demonetization: ITAT grants Relief to Jewellery after proving Huge Sales with Evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench ruled that no cash inflow involved due to demonetization as the assessee explains the reason for huge sales with evidence. The...
![Dept cant make Addition solely for receiving Scrapped Currencies Post-Demonetization: ITAT grants Relief to Jewellery after proving Huge Sales with Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Scrapped-Currencies-Post-Demonetization-ITAT-Jewellery-Taxscan.jpg "Dept cant make Addition solely for receiving Scrapped Currencies Post-Demonetization: ITAT grants Relief to Jewellery after proving Huge Sales with Evidence [Read Order]")
ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench upheld the addition on the ground that the assessee failed to explain the source of cash deposit in her bank account during the demonetization...
![ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-source-of-cash-deposit-bank-account-demonetization-Taxscan.jpg "ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]")
Another Objective of DeMo Fails: Digital Transactions to go Expensive as Banks to Charge for UPI Transactions
In a setback to all persons using BHIM, Phone Pe, Google Pay etc., the Banks are going to charge a specific amount for such digital transactions. Kotak Mahindra bank has already announced that it’s...
Post Demonetization: More than 1100 Searches and Surveys were conducted, more than 5100 Verification Notices issued
The undisclosed income detected in these actions was more than Rs. 5400 crore. Disclosure of information regarding law flouters/specific taxpayers is prohibited except as provided under Section...
