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ITAT directs AO to Re-Adjudicate disallowance of Demonetization Cash Deposits
Case Law Details
- Case Name
- ITO Vs Shri Chatrapati Shivaji (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
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ITO Vs Shri Chatrapati Shivaji (ITAT Bangalore)
Introduction: The Income Tax Appellate Tribunal (ITAT) Bangalore heard an appeal filed by the Income Tax Officer (ITO) against Shri Chatrapati Shivaji. The case pertained to the assessment year 2017-18 and involved the disallowance of a deduction claimed under section 80P(2)(a)(i) and an addition made under sections 68/69A for unexplained cash deposits during demonetization.
Background: Shri Chatrapati Shivaji, a cooperative society, filed its return of income declaring Nil income after claiming a deduction under section 80P(2)(a)(i). However, th...





