No Addition u/s 69A of Income Tax Act when Source of Income duly explained during Assessment: ITAT quashes Order [Read Order]

By Shabna Rahim - On June 7, 2023 7:30 am - 2 mins read

Income Tax Act - Source of Income duly explained during Assessment - Income Tax - ITAT quashes Order - taxscan

The New Delhi bench of Income Tax Appellate Tribunal (ITAT) held that no addition can be made under Section 69A of Income Tax Act, 1961 when the source of cash deposit was duly explained during the assessment. Ram Kishon, the appellant assessee appealed against the order passed by the Commissioner of Income Tax (Appeals) for…

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