Asking written Agreement to Sell was arbitrary & perverse when Law permits oral contacts – ITAT
July 28, 2019
Income Tax, ITAT
Insistence of tax authorities to produce a written Agreement to Sell was arbitrary perverse and unreasonable when Law permits oral agreements. There is no law that cash withdrawn from bank cannot be held in cash. ITAT accepts cash deposits out of withdrawals made 4 months earlier ABCAUS Case …