Dismissing the appeal of the Revenue the Tribunal held that the assessee has maintained complete record of customers. Receipts from the customers cannot be assessed as unexplained. Order of CIT(A) is affirmed.(AY.2014-15, 2015-16, 2017-18)
ITO v. Mayurbhanj Central Cooperative Bank Ltd. (2024) 230 TTJ 655 / 240 DTR 17 / 38 NYPTTJ 807 (Cuttack)(Trib)
S. 69A : Unexplained money-Demonetisation-Bank notes-Complete record is maintained-Receipts from the customers cannot be assssed as unexplained.
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