ITAT upholds Additions made on unaccounted  Income received in Cash Towards Sale of Shares [Read Order]

ITAT upholds Additions - unaccounted Income - Cash Towards Sale of Shares - Sale of Shares -ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT ) Pune bench upheld the addition made on unaccounted income received in cash towards the sale of shares. There are no materials/documents on record to show that such unaccounted cash payments were not paid to the assessee. The facts of the case was that, when a search and seizure…

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