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Revenue Cannot Question Assessee’s Cash Decisions; ₹38 Lakh Additions Deleted
Case Law Details
- Case Name
- Laveena Jain Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Delhi
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Laveena Jain Vs ITO (ITAT Delhi)
Revenue Cannot Question Assessee’s Wisdom in Retaining Cash-ITAT Delhi Deletes Entire ₹38 Lakh Demon–Cash Deposit and Agricultural Income Additions
This appeal challenged the NFAC order dated 28.07.2025 which had affirmed additions of ₹13,00,000 u/s 69A (cash deposited during demonetization) and ₹25,00,000 u/s 68 (alleged inflated agricultural income), aggregating to ₹38,00,000, besides restricting agricultural income to ₹1,54,450. The selection of the case was for limited scrutiny—agricultural income & demonetization cash d...




