ITAT Mumbai Upholds 8% Presumptive Income on Demonetisation Cash Deposits

Javed Munir Khan Vs ITO (ITAT Mumbai)

Demonetisation Cash Deposits: Presumptive Income @8% Upheld — ITAT Dismisses Assessee’s Appeal

The Mumbai Bench of the Income Tax Appellate Tribunal dismissed the assessee’s appeal for AY 2017-18 and upheld the CIT(A)’s approach of taxing only the Please become a Premium member. If you are already a Premium member, login here to access the full content.