Medical Emergency Withdrawal Justified Demonetisation Cash Deposits – ITAT Deletes Addition

Arvind Kumar Rungta Vs ITO (ITAT Patna)

Cash Deposits During Demonetisation Explained by Prior Withdrawal for Medical Emergency — ITAT Deletes ₹8 Lakh Addition

The Patna Bench of the ITAT condoned a delay of 409 days in filing the appeal, holding the reasons to be bona fide, and proceeded to decide the matter on merits. The case involved addition of ₹8 lakh under section 69A on account of alleged unexplained cash deposits made during the Please become a Premium member. If you are already a Premium member, login here to access the full content.