Case Law Details
Case Name : Digi1 Electronics Pvt. Ltd. Vs ACIT (Bombay High Court)
Appeal Number : Writ Petition No. 1798 of 2022
Date of Judgement/Order : 08/03/2023
Related Assessment Year : 2016-17
Courts :
All High Courts Bombay High Court
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Digi1 Electronics Pvt. Ltd. Vs ACIT (Bombay High Court)
Bombay High Court held that being in retail business of electronic appliances, cash deposits from various places cannot be doubted be considered suspicious transactions. Accordingly, cash deposits in crores cannot lead to a belief that the income has es
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