Addition cannot be Deleted merely for Mentioning Section 68 Instead of Section 69 of Income Tax Act when Cash Deposit of Rs. 49,000/- Found Each Time in Bank Account: ITAT

By Fathima Karama A.M - On September 12, 2023 5:30 pm - 2 mins read

Addition cannot be Deleted merely for Mentioning - Income Tax Act - Cash Deposi - Found Each Time in Bank Account - ITAT - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the addition could not be deleted merely for mentioning Section 68 instead of Section 69 of the Income Tax Act , 1961 when the cash deposit of Rs.49,000/-had been found each time in the bank account of assessee. The solitary grievance of the…

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