The Delhi ITAT deleted a ₹34.8 lakh Section 68 addition after finding that the cash balance was linked to commission income already recorded and offered to tax. The ruling highlights why taxpayers receiving cash income should maintain proper books establishing the source of the cash balance.
The Delhi ITAT deleted a ₹34.8 lakh Section 68 addition after finding that the cash balance was linked to commission income already recorded and offered to tax. The ruling highlights why taxpayers receiving cash income should maintain proper books establishing the source of the cash balance. by Soban News (international And National News)
