??34.8 lakh cash balance taxed as unexplained money, ITAT deletes addition and explains why declared income matters
Kort samengevat
The Delhi ITAT deleted a ₹34.8 lakh Section 68 addition after finding that the cash balance was linked to commission income already recorded and offered to tax. The ruling highlights why taxpayers receiving cash income should maintain proper books establishing the source of the cash balance.
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