Tax & ComplianceLiveMint — Money

₹34.8 lakh cash balance taxed as unexplained money, ITAT deletes addition and explains why declared income matters

21 Sept 2026 · 6d agoSource: LiveMint — Money

The Delhi ITAT deleted a ₹34.8 lakh Section 68 addition after finding that the cash balance was linked to commission income already recorded and offered to tax. The ruling highlights why taxpayers receiving cash income should maintain proper books establishing the source of the cash balance.

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This digest is published with acknowledgment to LiveMint — Money. For the complete analysis, headnotes, and citations, please refer to the source.

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