Enquiry and Investigation as per CBDT Instructions on Cash Deposited in Post Demonetisation period is necessary, Addition u/s 68 not allowable: ITAT restores the issue

By Taxscan Team - On October 29, 2022 1:44 pm - 2 mins read
Enquiry - Investigation - CBDT - Cash - Deposited - Demonetisation - period - necessary - ITAT - TAXSCAN

Addition under section 68 of the Income Tax Act, 1961 is not allowable when the enquiry and investigation as per CBDT Instructions on cash deposited in post demonetisation period which is necessary to be not done, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has restored the issue for fresh adjudication. M/s. Bhavana…

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