No Income Tax Addition for Assessee Proving Source of Cash Deposits During Demonetization

DCIT Vs Bhanu Infrabuild Pvt Ltd (ITAT Delhi)

Introduction: The case of DCIT Vs Bhanu Infrabuild Pvt Ltd before the ITAT Delhi revolves around an income tax dispute for the assessment year 2017-18. The appeal challenges the order of CIT(A)-31, New Delhi, dated 06.07.2022.

1. Grounds Raised by the Revenue

• The revenue raised several key questions, including the assessment of impounded documents that revealed signific

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