No Additional Sustainable Cash When Deposits Are Properly Recorded in Books: ITAT ITAT deleted the addition on demonetisation cash deposits after finding that the assessee had adequately explained the source through the recorded opening cash balance and agricultural income. The present case is filed by Ambalal Shambhudas Patel against the order of the Commissioner of…
UPS forms integral part of computer and is eligible for higher rate depreciation: High Court The Revenue filed an appeal against the order of the Income Tax Appellate Tribunal in the case of Tata Power Delhi Distribution Ltd., raising multiple issues relating to disallowances and additions made during assessment. The matters in dispute included derecognition…
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