ITAT upholds Addition of Unexplained Income under Section 69A due to Assessee’s Non-Compliance [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) upheld the addition of unexplained income under Section 69A of the Income Tax Act, 1961, due to the assessee’s continuous non-compliance. Govindbhai Sanabhai Rathva,appellant-assessee,was subjected to assessment proceedings wherein the Assessing Officer (AO) discovered significant cash deposits and credit entries in his bank accounts with Kotak…