Income from Unexplained cash u/s 68 of Income Tax Act can’t be claimed as an Exemption: ITAT dismisses Appeal [Read Order]

Income from Unexplained cash - Unexplained cash - Income Tax Act - Exemption - ITAT dismisses Appeal - taxscan

The Kolkata bench of Income Tax Appellate Tribunal (ITAT) held that Income received from the unexplained cash under Section 68 of the Income Tax, 1961 Act can’t be claimed as an exemption under Section 69C of the Income Tax Act, 1961. The Assessee, Rohit Agarwal filed his return of income reporting total income of Rs.39,43,860/-….

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