Posted inBlog
Lucknow ITAT Rules Sales Spike Alone Cannot Tax Demonetisation Cash as Unexplained
The Lucknow ITAT ruled that a surge in sales during demonetisation is not enough to tax cash deposits as unexplained income, easing business scrutiny.
Posted inBlog
ITAT Limits Tax Authority Power to Reject Purchases Without Substantiated Evidence
ITAT limits tax authority power to reject purchases without evidence, protecting businesses from arbitrary disallowances based on sales and stock records.