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ITAT Bangalore Accepts Cash Advances from Flower Buyers – Deletes ₹34.50 Lakh Addition
Case Law Details
- Case Name
- Kodiyalam Floriculture private Limited 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
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Kodiyalam Floriculture private Limited Vs ITO (ITAT Bangalore)
ITAT Bangalore Accepts Cash Advances from Flower Buyers – Deletes ₹34.50 Lakh Addition- No Enquiry, No Addition: ITAT Bangalore Quashes Cash Deposit Addition in Floriculture Case
Bangalore Tribunal examined whether cash deposits during demonetisation represented unexplained income u/s 69A or advances received from customers.
Assessee, engaged in leasing of agricultural land & floriculture (cultivation & sale of roses), filed ROI declaring ₹12,180 taxable income & ₹39.58 lakh agricultural income. During scrutiny,...




