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Cash Deposit Addition Quashed Due to Proper Medical Receipts Records
Case Law Details
- Case Name
- Madhuri Jaiswa Vs DCIT/ACIT (ITAT Agra)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
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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 disch...
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