ITAT Taxes 0.7% Margin on Vodafone E-Top Up Sales, Rejects Dept Appeal

ITO Vs Mahipalsinh Manharsinh Gohil (ITAT Ahmedabad) ITAT Upholds CIT(A) Order on Cash Deposits During Demonetization;  ITAT Taxes Only 0.7% Margin on Vodafone Top-up Receipts; ITAT Upholds Limited Tax Addition on Vodafone E-Top-up Receipts The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, dismissed an appeal filed by the Income Tax Department, challenging the decision of the Commissioner of Income-tax (Appeals) (CIT(A)) to limit the addition of unexplained income for Assessment Year (AY) 2017-18. The case involved an individual assessee, Mahipalsinh Manharsinh Gohil, who failed to ...