Income Tax Dept flags ₹2.33 crore cash deposit; why taxpayers need a clear trail for large cash withdrawals
The ITAT deleted a ₹2.33 crore tax addition after finding that Bhupendra Flour Mills had recorded earlier cash withdrawals of ₹2.325 crore and the Income Tax Department could not prove the money was used elsewhere.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.
