ITAT Delhi Favors Taxpayer in Rs 8.68 Lakh Cash Deposit Case

Last updated: 03 November 2025

A routine cash deposit of Rs 8.68 lakh turned into a long legal battle for a taxpayer, Mr. Kumar, after the Income Tax Department classified the money as "presumptive business income." What began as a limited scrutiny case soon spiraled into a full-fledged assessment without the required authorizati

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