Hyderabad ITAT Clears Mr Chintakunta of Tax on ₹3.88L Cash, ₹16L Jewellery
The Hyderabad Income Tax Appellate Tribunal (ITAT) ruled in favor of Mr Chintakunta, absolving him of tax additions related to ₹3.88 lakh cash and ₹16 lakh jewellery found during a 2010 search. The tribunal highlighted the need for proper records and adherence to CBDT guidelines, allowing taxpayers to contest such cases with adequate evidence.
Economic Times··Hyderabad


