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HomeDirect TaxRs. 2.64 Crore Demonetisation Cash Deposit Addition Unjustified: Rajasthan High Court

Rs. 2.64 Crore Demonetisation Cash Deposit Addition Unjustified: Rajasthan High Court

Direct Tax

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By Mariya Paliwala
Rs. 2.64 Crore Demonetisation Cash Deposit Addition Unjustified: Rajasthan High Court

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The Rajasthan High Court (Jaipur Bench) has ruled that the ₹2.64 crore added to the income of a real estate company on account of cash deposits made during demonetisation was not sustainable in law, rejecting the tax department’s appeal and affirming the findings of the Income Tax Appellate Tribunal (ITAT), Jaipur.  The Bench of Justice…

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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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