ITAT directs to tax Cash Deposit coming out of store business at 8% [Read Order]

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The Income Tax Appellate Tribunal ( ITAT ), Bangalore bench recently directed the Assessing officer to tax at 8% towards the cash deposit as coming out of the store business. The decision was pronounced by the single bench of George George K, (Vice President). The Assessee Kopparam Laxminarayan Kumuda For the Assessment Year 2017-18 had…

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