This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Human probability matters: ITAT upholds deletion of ₹87.34 lakh cash-deposit addition
Case Law Details
- Case Name
- ITO Vs Raghu Vyas (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
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
ITO Vs Raghu Vyas (ITAT Delhi)
Delhi ITAT, dismissed Revenue’s appeal & upheld CIT(A)’s deletion of addition of ₹87.34 lakh made u/s 69A towards cash deposits. Tribunal noted that Assessee, a painter engaged in sale & exhibition of paintings in India & abroad, had explained cash deposits as arising from sale of paintings, sale of mother’s ancestral jewellery & cash gifts received on the occasion of his son’s engagement (roka). CIT(A) had accepted the explanation after examining documentary evidences including details of painting sales (including...
Author Info
