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Case Law Details

Case Name : Arbuda Builders Vs ACIT (ITAT Ahmedabad)
Related Assessment Year : 2017-18
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Arbuda Builders Vs ACIT (ITAT Ahmedabad)

The Income Tax Appellate Tribunal (ITAT) Ahmedabad recently addressed a case involving Arbuda Builders, a civil construction firm, and the Assistant Commissioner of Income Tax (ACIT) concerning cash deposits made during India’s demonetization period in 2016. Arbuda Builders filed an appeal against a National Faceless Appeal Centre (NFAC) order dated October 31, 2023, upholding a portion of the assessment related to unexplained cash deposits.

Background of the Case

Arbuda Builders, a firm engaged in civil cons

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