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
Hyderabad ITAT Rules Only 16% of ₹40.93 Crore On-Money Receipts Are Taxable
In a notable tax jurisprudence development, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that only 16 percent of a disputed ₹40.93 crore in on-money receipts…