This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
₹2.44 Crore Cash Deposit addition: ITAT orders Fresh Adjudication
Case Law Details
- Case Name
- Gold Palace Jewellers Vs ACIT (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.
Gold Palace Jewellers Vs ACIT (ITAT Bangalore)
₹2.44 crore cash deposit addition confirmed by CIT(A)without proper opportunity: ITAT Orders Fresh Adjudication
In the case of Gold Palace Jewellers Vs ACIT, the Income Tax Appellate Tribunal (ITAT) Bangalore addressed an appeal filed by the assessee, a partnership firm engaged in gold and diamond jewelry trading. The case revolved around unexplained cash deposits of ₹2.44 crore during the demonetization period, which the Assessing Officer (AO) had taxed under Section 69A of the Income Tax Act. Dissatisfied with the AO’s assessment, the ...
