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HomeDirect TaxITAT Relief on Rs. 38 Lakh Cash Receipt Not Licence for Cash...

ITAT Relief on Rs. 38 Lakh Cash Receipt Not Licence for Cash Property Deals: Ruling Limited to Pre-June 2015 Period

Direct Tax

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By Mariya Paliwala
ITAT Relief on Rs. 38 Lakh Cash Receipt Not Licence for Cash Property Deals: Ruling Limited to Pre-June 2015 Period

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A news report widely circulated over the past two days claimed that a lady taxpayer had “won” her case before the Income Tax Appellate Tribunal (ITAT) after receiving ₹38 lakh in cash on sale of immovable property, with the Tribunal holding that such cash was not unaccounted since it was disclosed in the registered sale…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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