Case Law Details
Case Name : Kirit Kumar Patel Vs ITO (ITAT Hyderabad)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Hyderabad
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Kirit Kumar Patel Vs ITO (ITAT Hyderabad)
Both Additions u/s 69A Deleted: Cash Deposit from Pre-Demonetisation Balance & Flat Purchase Through Book-Entry Proven
Hyderabad Tribunal examined two additions made u/s 69A+Rs.14,00,000 deposited during demonetisation & Rs.79,60,000 towards flat purchase. Assessee demonstrated that his proprietorship accounts for AY 2016–17 were duly audited before demonetisation, reflecting a genuine cash-in-hand of Rs.20,94,588 as o Please become a Premium member. If you are already a Premium member, login here to access the full content.
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