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Cash Sales During Demonetisation Held Genuine, Section 68 Fails

SEO Expert January 21, 2026

The Tribunal ruled that cash deposited during demonetisation came from genuine business sales already offered to tax. It held that taxing the same amount again under Section 68 and Section 115BBE would amount to impermissible double taxation.

The post Cash Sales During Demonetisation Held Genuine, Section 68 Fails appeared first on TaxGuru.

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