Cash deposits during demonetization cannot be taxed under Section 69A when bank credits are accepted as business turnover.
Cash deposits during demonetization cannot be taxed under Section 69A when bank credits are accepted as business turnover. Issue Whether cash deposits made during the demonetization period in a business bank account can be separately carved out and taxed in their entirety as unexplained money under Section 69A, when the Revenue accepts that the bank… Read More »