Cash Deposit 18 Crore Income Tax Case| How I handled| No Addition | No Tax |
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John
English
College Students
Concise
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Summary
A case involving an 18 crore cash deposit was successfully handled without additional tax. The process included meticulous documentation, cash flow preparation, and thorough communication with the income tax officer. By demonstrating the nature of the business and providing relevant evidence, the case concluded with zero tax liability, highlighting the importance of proper record-keeping.