ITAT Jaipur Ruling on Cash Deposit and Sale Consideration

Geeta Devi Sharma Vs ITO (ITAT Jaipur) The Income Tax Appellate Tribunal (ITAT) in Jaipur recently delivered a crucial judgment in the case of Geeta Devi Sharma Vs Income Tax Officer, providing significant insights into sale consideration disputes and cash deposit controversies. This article delves into the nuances of the case, highlighting the tribunal’s approach to resolving complex tax litigation issues. Sale Consideration Dispute: In this case, it is noted that the assessee vide Ground of Appeal No. 3 challenges the addition of Rs. 35,36,100/- which consisted of three parts. The dif...