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Section 69A Addition Deleted as Cash Withdrawals Explained Demonetisation Deposits: ITAT Mumbai

Case Law Details

Case Name
Wipro Industries Limited Vs ACIT (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
Advertisement Wipro Industries Limited Vs ACIT (ITAT Mumbai) The appeal arose from the order dated 08.08.2025 passed by the Commissioner of Income Tax (Appeals), Mumbai, for Assessment Year 2017-18. The assessee challenged, among other issues, the validity of the assessment, additions made on account of estimated commission income, addition under Section 69A relating to cash deposits during the demonetisation period, application of Section 115BBE, taxation of business income at 40%, and disallowance of brought forward losses. The assessee, engaged in trading IT products, filed its return de...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 19,168

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