Cash Deposits during Demonetisation Explained by Earlier Cash Withdrawals Cannot Be Taxed Under Section 69A: ITAT Grants Relief to NRI Taxpayer In an important ruling concerning demonetisation-related cash deposit cases, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) in Rajendra Gadhia vs. ITO has held that past cash withdrawals from bank accounts can validly…
The post Cash Deposits during Demonetisation Explained by Earlier Cash Withdrawals Cannot Be Taxed Under Section 69A: ITAT Grants Relief to NRI Taxpayer appeared first on The Tax Talk.
