31 results for “section 68”+ Section 272clear
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Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali
272 /PAN/2024. The fifth disputed issue, where the CIT(A) has sustained the addition u/sec 68 of the Act as the cooperative society has not explained the sources of cash deposits in the bank account during demonetization period. The Ld.AR submitted that entire amount of demonetized currency during demonetization period are receipts from members on account of regular business transactions