Maintenance of Cash of company at Residence mixed with Cash of Family Members during Search Proceeding: ITAT Deletes Addition u/s 69A of Income Tax Act [Read Order]

Maintenance - Cash of company - Residence mixed - Cash of Family -Members - Search Proceeding-ITAT Deletes - Income Tax Act-TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 69A of the Income Tax Act 1961 as it was imposed based upon the maintenance of cash of company at residence mixed with cash of family members during the search proceedings. A search and seizure action under Section 132 of…

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