Positive impactResults
How landlord won tax relief on Rs 14.96 lakh demonetisation cash deposit
Times of India 1 hr ago·3 Oct 2026, 4:31 pm
The Income Tax Appellate Tribunal in Bangalore ruled that cash deposited in a bank account can be linked to rental income that was already reported, even when the landlord says the rent was received in cash. The tribunal said the earlier disclosure of rent income establishes an identifiable source, so the later deposit cannot be ignored for tax purposes.
For investors, the decision clarifies that landlords cannot avoid tax by claiming cash receipts were untaxed, which may lead to more scrutiny of rental accounts and could affect the profitability of property‑related investments. It also sets a precedent that could be cited in other disputes over cash deposits.
Going forward, market participants should watch for any further guidance from the tax department or higher courts on how rental income and cash deposits are treated, and for any increase in compliance checks on real‑estate firms and individual landlords.
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- Category: Results.
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