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Income Tax - Highlights / Catch Notes

Home Highlights October 2023 Year 2023 This

Additions against Cash deposits made during demonetization ...

Income Tax

October 9, 2023

Additions against Cash deposits made during demonetization period in specified bank notes - assessee has been consistently holding huge cash balance which meets the entire cash deposits made - there is absolutely no case for the Revenue to make an addition for cash deposits made during the demonetization period as the entire cash deposits are totally explained by proper sources by the assessee. - Additions deleted - AT

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