Pilani Industrial Corporation Limited Vs ACIT (ITAT Delhi) case analysis. The ITAT Delhi ruled that cash deposits during demonetization can't be deemed unexplained without rejecting the book… Read More

Discover why ITAT Jodhpur ruled that cash deposits made by a 77-year-old assesse during demonetization couldn't be added under section 68 of the Income Tax Act. The post ITAT deletes additio… Read More

Discover why not every deposit during demonetization is deemed unaccounted cash. Detailed analysis of Narayanappa Munikrishnappa Vs ITO case remitted for fresh consideration by ITAT. The pos… Read More

Read the detailed analysis of the ruling by ITAT Bangalore on the appeal filed by Chandrappa Nalina against the treatment of cash deposits during demonetization. Understand the assessment an… Read More

ITAT Hyderabad grants partial relief to agriculturist in cash deposit case during demonetization, citing agricultural income sources. Addition reduced to Rs. 2 lakhs. The post Addition for C… Read More

Hyderabad ITAT grants additional opportunity to taxpayer to explain nature & source of cash deposits made during demonetization. Read full text. The post ITAT Grants Additional Opportuni… Read More

Understand the verdict of Vishakhapatnam ITAT on unexplained cash deposits. Detailed analysis on taxpayer's explanation, legal provisions, and conclusions. The post Cash deposits during demo… Read More

Read the full text of the ITAT Chandigarh's decision in the case of Manuj Jain HUF Vs PCIT. The assessment order was upheld, rejecting the Section 263 revision regarding demonetization cash… Read More

Explore the case of Shantabai Jasraj Lodha challenging additions made by CIT(A) - NFAC regarding a Rs.20 lakhs deposit during demonetization. Analysis reveals discrepancies and remand for fu… Read More

ITAT Delhi deletes addition under section 69A of Income Tax Act in Viren Bakhru vs. ACIT case. Assessee's explanation of cash deposit during demonetization accepted. The post No Addition u/s… Read More

Introduction In the bustling heart of India, amidst the clinking chai glasses and vibrant spice markets, when the Government announced Demonetisation, a revolution was brewing in the back… Read More

Explore ITAT Bangalore's order in Radhakrishna vs ITO. Cash deposits during demonetization deemed business receipts for bar and restaurant. ITAT remands for reconsideration. The post ITAT Re… Read More

Even though individuals nowadays try their hardest to save time, they nevertheless spend a lot of time in line and at banks performing their financial needs. The Bank of India has launched a… Read More

Explore the ITAT Hyderabad's order in Puligilla Purnachander Vs ITO case for insights on Income Tax Act Section 69A, gross sales, and demonetization deposits. The post When Profit Is Estimat… Read More

In this article, we discuss case of Hasmukh Kanjibhai Tadhani Vs ITO (ITAT Surat) involving cash deposits during demonetization, with detailed analysis and outcome The post Sufficient Openin… Read More

Is the Perception of Swiss Banks Holding Black Money Justified? Why Swiss Bank is famous for Black Money? by Anurag Tiwari In the movie of James bond “The World Is Not Enough” i… Read More

Analysis of ITAT Delhi's decision in Sheo Chand Yadav vs ITO, where the tribunal deleted the income tax addition related to cash deposits during demonetization. The post Cash Deposit during… Read More

The 2,000-denomination currency notes may no longer be returned or exchanged from today. The banknote would lose its value and become simply another piece of paper as of October 1, according… Read More

Held that the cash sales and corresponding cash deposits have been a regular feature of the business of the assessee and there is certainly no abnormal trend of cash sales and cash deposit d… Read More

ITAT Chennai held that addition towards unexplained money under section 69A of the Income Tax Act sustained as cash deposited during demonetization period cannot be said to be cash gifts rec… Read More

1. Section 44AD Although it was created with the noble aim of relieving small business owners of the burden of maintaining books of accounts in accordance with provision 44AA and tax audits… Read More

The post Cryptocurrency Regulations in India appeared first on Coinpedia Fintech News Cryptocurrency made its debut in India in 2013, sparking enthusiasm among people from various social ba… Read More

Arvi Lights Vs ITO (ITAT Delhi) The assessment was sought to be revised u/s 263 of the I T Act holding that ld. AO had not enquired about the cash deposits of Rs 80,50,000/- deposited in ban… Read More

ITAT Bangalore Held that not every deposit during the demonetization period would fall under category of unaccounted cash. However the burden is on the assessee to establish the genuineness… Read More

Shiva Goods Carrier Pvt Ltd Vs DCIT (ITAT Lucknow) ITAT Lucknow held that addition towards cash deposited during demonetization period as unexplained deposit under section 68 of the Income T… Read More

Deepa Satish Borse Vs  Income Tax Officer (ITAT Pune) ITAT held that once it has come on record that the assessee’s matrimonial matter has already supported her case of having rec… Read More

The Reserve Bank of India (RBI) has announced its decision to withdraw the Rs 2000 denomination banknotes from circulation, although existing notes will remain legal tender. The central bank… Read More

The RBI announcement created a flurry and panic among the masses that Demonetization 2.0 has arrived. Demonetization 1.0 was announced on 8 November 2016, wherein the ‘legal tender&rsq… Read More

Customers using cash to pay for their meals flooded the food delivery app Zomato with the note about two days after the Reserve Bank of India announced the withdrawal of the Rs 2,000 note… Read More

Photo: PTI 2000 rupee noteYeah If you have Rs 2,000 notes, then there is no need to bear the stress of going to the bank to exchange them. You can change your note sitting at home. In fa… Read More

The elimination of Rs 2,000 banknotes will significantly affect deposits, loans, and spending, according to the State Bank of India’s (SBI) most recent assessment. It claimed that a Rs… Read More

IntroductionIn a surprising move, the Indian government recently announced the demonetization of the… Read More

The question offered a glimpse into the unintended repercussions of the Reserve Bank of India’s (RBI’s) decision to withdraw the high-value banknotes. Luxury retailers ex… Read More

Following the Naira Scarcity in Nigeria, FS News has compiled Latest CBN News and Update on Naira Notes Today 18th April 2023. Massive Rush to Banks As CBN Makes News Announcement About Unl… Read More

Held that the source of withdrawal of the money is being clearly demonstrated and their deposit of money on various occasions is also established by the assessee through her bank account. Ac… Read More

Trends And Challenges In the ATM Managed Services Market In India In India, remarkable growth was witnessed in ATM industry during the past decade. Economic advancement in the country, incre… Read More

With the growing prominence of digital banking across the global economic landscape, traditional banking processes are being challenged and transformed rapidly. Building on the advancements… Read More