Property dealer deposits ₹54 lakh cash, faces tax demand: Why Delhi ITAT ruled the money was not his taxable income
· livemint.com
A Delhi ITAT ruling has come to the aid of a property dealer after it deleted a ₹54 lakh tax addition, finding that the cash deposited in his bank account belonged to property buyers.
A property dealer who deposited ₹54 lakh in cash into his bank account and did not file an income tax return for the relevant year has won a tax dispute after...