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Delhi ITAT Restricts Demonetisation Addition to ₹2 Lakh, Rejects Section 115BBE
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Ltd. Vs ITO (ITAT Delhi) Delhi ITAT Grants Relief to Forex Dealer in Demonetisation Case; Restricts Addition to ₹2 Lakh and Rejects Application of Section 115BBE The Delhi Bench of the ITAT partly allowed the appeal of a forex dealer engaged in money-changing business, where the Assessing Officer had treated cash deposits of ₹25.88 lakh made during the demonetisation period as unexplained money under section 69A and taxed them under section 115BBE.
The CIT(A) had already granted partial relief by deleting ₹9 lakh and sustaining an addition of ₹16.88 lakh....