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Section 68 Addition Quashed as Cash Source Was Fully Traceable: ITAT Agra

Case Law Details

Case Name : Rakesh Kumar Sharma Vs ITO (ITAT Agra)
Related Assessment Year : 2017-18
Courts : All ITAT ITAT Agra
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Rakesh Kumar Sharma Vs ITO (ITAT Agra)

Cash Re-deposit from Prior Withdrawals Accepted; ₹1 Crore Addition u/s 68 Deleted and Adhoc Disallowances Reduced – ITAT Agra

The Agra Bench of the ITAT partly allowed the appeal of a contractor for AY 2017-18 and granted major relief by deleting the addition of ₹1 crore made under section 68 on account of cash deposits during the demonetisation period, while substantiall

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Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka, India
Member Since: 17 Feb 2018 | Total Posts: 4550
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

My Published Posts

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