Case Law Details
Case Name : Smt. Kavita Chandra Vs CIT (Appeals) (Punjab & Haryana High Court)
Related Assessment Year :
Courts :
All High Courts Punjab and Haryana HC
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After examining the entire evidence on record, the Tribunal has upheld the finding recorded by CIT(A) with regard to cash deposit to the tune of Rs. 14,20,212/- as unexplained. It has been categorically recorded by the Tribunal that out of the 33 withdrawals, only two withdrawals of Rs. 2 lacs each from Bank of Rajasthan and ICICI Bank were made in cash. The rest were all withdrawals by cheque – small amounts made mostly by an employee of the assessee. Similarly, in many cases, small amounts were withdrawn two or three times on a single day by different persons. Further, the deposits in Bank...
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Dear Sir,
Thanks for highlighting this issue.
We are Advertising Agency and last two months I am trying to raise this issue .
It is great if you can help to arrest this problem.
Thanks and Regards
Sir, appartently this was written before the announcement of GST @ 28% on cinema tickets. It is a huge negative for the industry, with local bodies, being allowed to collect additional taxes/cess on cinema tickets.