demonetisation

  • Income Tax

Cash deposit cannot be shifted from live person to a deceased just because he was joint holder

Cash deposit in bank account cannot be shifted from a live person to a deceased assessee just because he was…

6 days ago
  • Income Tax

Cash deposit in demonetisation held exempt assessee being resident of Arunachal Pradesh

Cash deposited in bank account during demonetisation period can not be taxed on technical ground when it was fully exempt…

2 weeks ago
  • Income Tax

HC stays re-assessment order u/s 148A(d) passed ignoring objections of assessee

High Court stays re-assessment proceedings as order u/s 148A(d) was passed ignoring objection of assessee. High Court stays re-assessment proceedings…

3 weeks ago
  • Income Tax

Mere higher cash deposits during demonization period does not make cash sales bogus – ITAT

Mere higher cash deposits during demonization period does not make explanation of cash sales as bogus and unsustainable - ITAT…

4 weeks ago
  • RBI

Procedure for deposit/exchange of ₹2000 banknotes if one misses deadline of 07.10.2023

Procedure for deposit/exchange of ₹2000 banknotes if one misses deadline of 07.10.2023. Extension of date for deposit / exchange of…

7 months ago
  • Income Tax

No addition for cash deposit in bank up to Rs. 2.50 lakhs. ITAT deleted addition

ITAT deleted addition for cash deposits in bank during demonetization period following CBDT Instruction that no addition to be made up…

8 months ago
  • Income Tax

Assessee not permitted to bypass assessment/ reassessment by invoking jurisdiction of High Court

Income Tax Act provides complete machinery for assessment/reassessment of tax, assessee is not permitted to abandon that machinery and invoke…

9 months ago
  • Income Tax

Benefit of cash deposit up to 2.50 lacs not available separately for non taxpayer wife

Benefit of cash deposit up to 2.50 lacs for demonetisation period not available separately for household earnings of non taxpayer…

9 months ago
  • RBI

RBI issues 15 FAQs on Withdrawal of Rupees 2000 Denomination Banknotes 

RBI issues 15 Question & Answers (FAQs) on Withdrawal of Rupees 2000 Denomination Banknotes  1. Why are ₹2000 denomination banknotes…

12 months ago
  • RBI

RBI to withdraw Rs. 2000 Banknotes from Circulation but continue as Legal Tender

RBI to withdraw Rs. 2000 Denomination Banknotes from Circulation but Will continue as Legal Tender The Rs. 2000 denomination banknote…

12 months ago