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Tax & ComplianceLiveMint — Money

Income Tax Dept flags ₹2.33 crore cash deposit; why taxpayers need a clear trail for large cash withdrawals

20 Aug 2026 · 20 Aug 2026

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. 

This article was aggregated from LiveMint — Money. Continue reading for the complete story.

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