ITAT Upholds CIT(A) Order: No Addition U/s 69A Without Corroborative Evidence & Cross-Examination [Read Order]

The Tribunal agreed with the CIT(A)’s findings, emphasizing that the AO had not brought any tangible evidence to prove the alleged cash loan
By Adwaid M S - On April 12, 2025 9:36 am - 2 mins read
ITAT ruling - Section 69A - Income Tax Act - taxscan

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)] deleting an addition of Rs. 2.65 crore made under Section 69A of the Income Tax Act, 1961, in the case of K. Mart. The Tribunal ruled that the Assessing Officer (AO) failed to provide corroborative…

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