Sales in Books Accepted, But ‘Cash Buyer’ Bills Trigger Remand

Rajendra Kumar Shet Vs ITO (ITAT Bangalore)

ITAT Bangalore Restores Jewellery Demonetisation Additions for Fresh Verification Where Cash Sales Bills Show Only “Cash” Buyers

The Bangalore ITAT partly allowed the appeal of Assessee, a jeweller, and restored to AO two major additions relating to demonetisation-period sales for fresh examination. The dispute arose from (i) addition of ₹22,65,024 as difference between September 2

Please become a Premium member. If you are already a Premium member, login here to access the full content.