Cash Deposited out of Earlier Withdrawal is not Undisclosed Income: ITAT

Karan Realty Pvt Ltd Vs ITO (ITAT Ahmedabad)

Introduction: In the case of Karan Realty Pvt Ltd vs. ITO, heard by the Income Tax Appellate Tribunal (ITAT) in Ahmedabad, several significant issues related to taxation were addressed. This article provides a comprehensive analysis of the ITAT’s judgment, focusing on the treatment of cash deposits, assessment validity, and capital gains.

Detailed Analysis:

Please become a Premium member. If you are already a Premium member, login here to access the full content.