Tag: cash in hand

Employee working in Govt department for a long period of time, cannot be presumed to not having any cash in hand – ITAT deleted addition for unexplained opening cash in hand as per cash flow statement ABCAUS Case Law Citation: ABCAUS 2548 (2018) 09 ITAT Govt employee cannot …

Unexplained cash credit addition u/s 68 for house constructed deleted on the basis of cash in hand balance in balance sheet filed along with return  ABCAUS Case Law Citation: ABCAUS 2403 (2018) 07 ITAT The instant appeal had been filed by the assessee against the Order of the …

Keeping cash in bank not in hand not mandatory under any law. Cash deposited in bank from withdrawals made long back accepted  as the AO was not able to show that the cash so withdrawn was spent elsewhere – ITAT ABCAUS Case Law Citation: 990 2016 (08) ITAT Assessment …