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Demonetisation Cash Deposits Fully Explained: ITAT Delhi Deletes Entire Section 69A Addition
Case Law Details
- Case Name
- ITO Vs Raghav Goel (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Delhi
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ITO Vs Raghav Goel (ITAT Delhi)
Demonetisation Cash Deposits Fully Explained: ITAT Delhi Deletes Entire Section 69A Addition
The Delhi Bench of the ITAT dismissed the Revenue’s appeal and allowed the assessee’s cross-objection in the case of Raghav Goel (AY 2017-18), thereby deleting the entire addition of ₹2.81 crore made under section 69A on account of cash deposits during the demonetisation period.
During survey proceedings under section 133A, the assessee had deposited ₹5.81 crore in cash. Out of this, ₹3 crore was voluntarily declared under PMGKY, 2016, while th...
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