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Unsustainable Addition for Cash Sales when No Stock Discrepancy Detected
Case Law Details
- Case Name
- Metro Filling Station Vs ITO (ITAT Delhi)
- 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 Delhi
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Metro Filling Station Vs ITO (ITAT Delhi)
Introduction: In a recent case involving Metro Filling Station and the Income Tax Officer (ITO) in Delhi, the issue of an unjustified addition for unexplained cash deposits came under scrutiny. The case revolves around the assessment for the financial year 2017-18.
Detailed Analysis:
Background: Metro Filling Station, the assessee, filed its income tax return in electronic mode, declaring a total income of INR 1,94,910/-. However, the case was selected for compulsory scrutiny due to significant cash deposits in the bank accounts.
Source of Cash Deposi...
Author Info
