Cash Deposit Addition Quashed Due to Proper Medical Receipts Records

Madhuri Jaiswa Vs DCIT/ACIT (ITAT Agra) Cash Deposits from Hospital Receipts Explained; ₹30 Lakh Addition u/s 68 Deleted for Demonetisation Period – ITAT Agra The Agra Bench of the ITAT allowed the appeal of a medical practitioner running a nursing home and deleted the addition of ₹30 lakh made under section 68 on account of alleged unexplained cash deposits during the demonetisation period for AY 2017-18. The assessee had deposited ₹31.86 lakh in OBC and ₹4 lakh in Canara Bank, explaining that the cash represented consultation fees, OPD collections and patient discharge receipts, al...