ITAT Sustains Tax Addition After Assessee Fails to Justify Demonetisation Cash Deposits

Demonetisation Deposits: Company Deposited Cash During Note Ban; ITAT Upholds Income Tax Addition After Failure to Produce Sales Records The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the appeal filed by M/s Dentspro India Pvt. Ltd. and confirmed an addition of Rs 47.07 lakh made by the Income Tax Department for…