Business receipt or Unexplained Cash Receipt can be assessed u/s 69 A of Income Tax Act: ITAT [Read Order]

Business receipt or Unexplained cash receipt can be assessed u/S 69 A of Income Tax Act 1961, rules ITAT
Income Tax - ITAT Mumbai - Business receipt - unexplained cash receipt - Income Tax on Unexplained cash - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Business receipt or unexplained cash receipt can be assessed u/S 69 A of Income Tax Act 1961. The assesse firm was engaged in building and developing a real estate project of residential flats, underwent a survey action under section 133 of…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader