ITAT Rules Rs 5.72L Cash Deposits Explained for Balasore Trader
Mr. Patra, a cement trader from Balasore, faced issues with the Income Tax Department over Rs 5.72 lakh in cash deposits labeled unexplained. After an injury, he submitted cash book evidence to challenge the claim. The Income Tax Appellate Tribunal reviewed the case, confirmed sufficient cash availability, and ruled the amount as explained, resolving his legal dispute.
Economic Times··Balasore



