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ITAT Chennai Deletes Demonetisation Cash Deposit Addition as Source Explained

Case Law Details

Case Name : PR & Co. Vs ITO (ITAT Chennai)
Related Assessment Year : 2017-18
Courts : All ITAT ITAT Chennai
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PR & Co. Vs ITO (ITAT Chennai)

ITAT Chennai Deletes Section 68 Addition on Demonetisation Cash Deposits: Source Explained Through Debtors’ Collections

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) allowed the assessee’s appeal for AY 2017-18 and deleted the addition of ₹19.56 lakh made under section 68 in respect of cash deposits in specified bank notes (SBNs) during the demonetisation peri

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Author Bio

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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