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![Amount Received by Assessee from Firm as a beneficiary can’t be treated as ‘Unexplained’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Amount Received by Assessee from Firm as a beneficiary can’t be treated as ‘Unexplained’: ITAT [Read Order]")
Amount Received by Assessee from Firm as a beneficiary can’t be treated as ‘Unexplained’: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that amounts received by the assessee from the firm as a beneficiary cannot...