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Land Sale Proceeds Justify Demonetisation Cash Deposits: ITAT Deletes ₹1.28 Cr Tax Addition
Case Law Details
- Case Name
- DCIT Vs Mukeshbhai Madhavlal Patel (HUF) (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Chandigarh
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DCIT Vs Mukeshbhai Madhavlal Patel (HUF) (ITAT Ahmedabad)
Explained Cash Source: ITAT Deletes ₹1.28 Crore Addition for Demonetisation Deposit; Proof of Land Sale Prevails: ITAT Upholds Deletion of ₹1.28 Cr Unexplained Cash Addition; Demonetisation Deposit Explained: ITAT Confirms Cash from Agricultural Land Sale Not Taxable; Cannot Tax Documented Land Sale Proceeds as Unexplained Cash: ITAT Decision; Land Sale Proceeds Can’t Be Treated as Unexplained Cash – ITAT Ahmedabad Deletes ₹1.28 Cr Addition for Demonetisation Deposits
Revenue challenged the deletion of addition of ₹1.2...





