Rs 35L unexplained cash yet wins in ITAT Jaipur
The insurance agent in the case deposited Rs 35 lakh in cash into his bank account. The department classified the amount as “unexplained money” and sought details of its source. The man maintained that the cash was not his personal money but represented insurance premiums collected from customers who had bought policies through him.
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Rs 35L unexplained cash yet wins in ITAT Jaipur (opens The Economic Times in a new tab)
Rs 35L cash, others names on insurance: Man gets notice, but ITAT gives relief (opens Times of India in a new tab)
The insurance agent in the case deposited Rs 35 lakh in cash into his bank account. The department classified the amount as “unexplained money” and sought details of its source. The man maintained that the cash was not his personal money but represented…
