ITAT upholds Deletion of Addition u/s 69A of Income Tax Act by CIT(A) on Ground of Genuine Disclosure of Transactions in ROI [Read Order]

ITAT – Upholds - Deletion - Income – Tax - Act - CIT(A) - Ground – Genuine - Disclosure - Transactions – ROI - TAXSCAN

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of addition made under section 69A of the Income Tax Act,1961 by the Commissioner of Income Tax (Appeals) on the ground of genuine disclosure of the transactions filed in the Return of Income (ROI).  KavithaSiddareddy, the respondent-assessee was an individual who filed…

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