This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 68: Source of Cash Deposit Must Be Examined Before Addition
Case Law Details
- Case Name
- Mudhol Pattina Sahakari Sangh Niyamita Vs ACIT (ITAT Bangalore)
- 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 Bangalore
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Mudhol Pattina Sahakari Sangh Niyamita Vs ACIT (ITAT Bangalore)
In a significant judgment by the Income Tax Appellate Tribunal (ITAT) Bangalore, the case of Mudhol Pattina Sahakari Sangh Niyamita vs. Assistant Commissioner of Income Tax (ACIT) brought to light the critical interpretation and application of Section 68 of the Income Tax Act, 1961. This case revolved around the addition of income from undisclosed sources and underscored the necessity for thorough examination of the source of cash deposits post-demonetization. The ruling, dated 24.07.2023, for the Assessment Year 2017-18, provides...
Author Info
