<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Court Deletes Additions for Unexplained Cash Deposits; Recognizes Withdrawals and Disclosures u/s 68 of Income Tax Act.</title>
    <link>https://www.taxtmi.com/highlights?id=64267</link>
    <description>Unexplained cash credit u/s 68 - unexplained cash deposit in the bank account during post-demonetization period - Even otherwise the ld. AO should have appreciated that the currency in whatever form was in Indian Rupee and the same was withdrawn from bank, duly disclosed in the audited books of account, regularly shown in the cash balance carried forward and the assessee had sufficient cash in hand as on the date of announcement of demonetization scheme - Additions deleted - AT</description>
    <language>en-us</language>
    <pubDate>Sat, 25 Jun 2022 11:12:03 +0530</pubDate>
    <lastBuildDate>Sat, 25 Jun 2022 11:12:03 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=683167" rel="self" type="application/rss+xml"/>
    <item>
      <title>Court Deletes Additions for Unexplained Cash Deposits; Recognizes Withdrawals and Disclosures u/s 68 of Income Tax Act.</title>
      <link>https://www.taxtmi.com/highlights?id=64267</link>
      <description>Unexplained cash credit u/s 68 - unexplained cash deposit in the bank account during post-demonetization period - Even otherwise the ld. AO should have appreciated that the currency in whatever form was in Indian Rupee and the same was withdrawn from bank, duly disclosed in the audited books of account, regularly shown in the cash balance carried forward and the assessee had sufficient cash in hand as on the date of announcement of demonetization scheme - Additions deleted - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Sat, 25 Jun 2022 11:12:03 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=64267</guid>
    </item>
  </channel>
</rss>