The Indore bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition cannot be sustained for making cash payment exceeding monetary limit if the same was due to the instance of the seller. An addition was made against the assessee following the search proceedings by the department in respect of cash payments […]
The post No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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