ReferIndia News Trader gets ₹21 lakh tax demand over demonetisation cash, wins at ITAT

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Trader gets ₹21 lakh tax demand over demonetisation cash, wins at ITAT

Published on: July 1, 2026, 11:26 a.m. | Source: Livemint

A Karnataka trader won relief after the ITAT held that old currency deposits backed by business records and affidavits cannot be treated as unexplained income merely because they were made during demonetisation.

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