ITAT Deletes ₹18.47 Lakh Demonetization Cash Addition, Citing Double Taxation

SK. Rezzak Vs ITO (ITAT Kolkata) ITAT Kolkata Deletes Double Addition Made under Section 69A on Cash Deposits During Demonetization; Wrong Invocation of Section 69A: ITAT Kolkata Rules Cash Deposits Were from Accounted Sales; ITAT Kolkata Condones 25-Day Delay and Allows Appeal Against Unjust Section 69A Addition; ITAT Kolkata: Cash Sales Deposited in Bank Cannot Be Taxed Again under Section 69A; ITAT Kolkata Holds Section 69A Inapplicable to Recorded Cash Sales; ITAT Kolkata Quashes CIT(A)’s Enhanced Addition of ₹18.47 Lakh for Double Taxation; Tribunal Cautions Against Misuse of Section ...