ITAT Orders Re adjudication of Cash Deposits in Biscuit and Confectionery Business During Demonetization [Read Order]

ITAT directed readjudication regarding the cash deposited during the demonetisation period under the business of purchases and sale of biscuits and confectioneries
By Aparna. M - On May 16, 2024 3:22 pm - 2 mins read
ITAT - Re adjudication - Cash Deposits - Biscuit - Confectionery Business - Demonetization - taxscan

The two member bench of Bangalore Income Tax Appellate Tribunal ( ITAT ) directed re adjudication regarding the cash deposited during the demonetisation period under the business of purchases and sale of biscuits and confectioneries. The Assessee Chandrappa Nalina is an individual carrying on the proprietorship business of purchase and sale of biscuits and confectioneries…

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