This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Accepted Sales Sufficient; Debtor Confirmations Not Mandatory: ITAT Deletes Demonetisation Additions
Case Law Details
- Case Name
- Umabayi Gamanagatti Vs ITO (ITAT Bangalore)
- 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 Bangalore
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Umabayi Gamanagatti Vs ITO (ITAT Bangalore)
Bangalore ITAT Deletes Demonetisation Additions; Confirmations from Debtors Not Mandatory When Sales Are Accepted
The Bangalore ITAT in Umabayi Gamanagatti (through Legal Heir) v. ITO deleted additions of ₹4.50 lakh and ₹6.11 lakh arising from cash deposits during the demonetisation period. The assessee, a petrol and diesel trader, had explained that the cash deposits represented amounts recovered from sundry debtors against sales already recorded in the books of account.
During assessment, the Assessing Officer questioned cash d...
Author Info
