Addition u/s. 69A of Income Tax  Act cannot be made in respect of Monies which are recorded in Bank Statement: ITAT [Read Order]

ITAT - income tax acts - ITAT decision - bank statement monies - ITAT and bank - TAXSCAN

The Two member bench of Bangalore  Income Tax Appellate Tribunal (ITAT)  addition under Section  69A of the Income Tax Act , 1961 cannot be made in respect of monies which are recorded in the assessee’s bank statements. The Assessee, Sudarshan Purushothama is a partner in the firm M/s. SRK OFFICE-X and was getting interest on…

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