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Income Tax

ITAT Partially Allows Demonetisation Cash Addition Using Reasonable Estimate

Case Law Details

Case Name
Hothi Samat Keshwala Vs ITO (ITAT Rajkot)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
Advertisement Hothi Samat Keshwala Vs ITO (ITAT Rajkot) Demonetisation Cash Deposits- When Sources Are Mixed But Not Bogus—Tribunal Opts For Reasonable Estimate The appeal before Tribunal was delayed by 252 days. The delay arose because the order passed by CIT(A) was uploaded only on the portal & was not communicated by Assessee’s advocate. Tribunal noted that the Assessee acted with reasonable diligence, the lapse occurred due to counsel’s mistake, & relying on Ramlal & Chhotelal v. Rewa Coalfields Ltd. & Concord of India Insurance Co. Ltd., condoned the delay. On mer...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,842

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