Claim of Cash-In-Hand from Business Profits cannot be rejected without Clear Findings

Manish Kumar Mittal Vs ITO (ITAT Delhi)

Introduction: The case of Manish Kumar Mittal Vs ITO, heard by the Income Tax Appellate Tribunal (ITAT) Delhi, pertains to the treatment of cash-in-hand from business profits declared under Section 44AD of the Income Tax Act. This article provides an analysis of the tribunal’s decision and its implications.

Detailed Analysis: The appellant, Manish Kumar Mittal, contested the addition of Rs. 5,71,276/- as unexplained money by the Assessing

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