Jamshed Naval Karanjia Case Before ITAT Mumbai

ITAT Deletes Demonetisation Addition; Accepts Explained Family Cash Source The assessee, an NRI individual, did not file a return of income for AY 2017-18. Based on information gathered under “Operation Clean Money,” the Assessing Officer noted cash deposits of Rs 14 lakh during the demonetisation period and treated the same as unexplained income under Section…