Case Law Details
Case Name : DCIT Vs Manuvel Mezhukanal (Delhi High Court)
Related Assessment Year : 2017-18
Courts :
All High Courts Delhi High Court
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DCIT Vs Manuvel Mezhukanal (Delhi High Court)
Delhi High Court dismissed an appeal filed by the revenue against an order of the Commissioner of Income Tax (Appeals) (CIT(A)) concerning an assessment year that included the demonetization period. The core issue was whether cash sales made by the assessee, a jeweler, on the night of November 8, 2016, could be treated as unexplained cash credit under Section 68 of the Income Tax Act, 1961. The Assessing Officer (AO) had added Rs. 3.06 crore to the assessee’s income, deeming these sales as unexplained, a
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