ITAT Confirms Client Funds Are Not Advocate’s Income, Deletes U/s 69A Addition

Rishi L Anandani Vs ITO (ITAT Raipur)

GST Clients’ Cash ≠ Unexplained Money— Advocate’s Bank Deposits Were Clients’ Tax Money – No Enquiry, No Evidence, No 69A-  ITAT Deletes 69A Addition

Assessee, an advocate practicing in Income Tax & GST, declared income of Rs.3,98,320. Case was selected for limited scrutiny to verify cash deposits during demonetisation. AO added Rs.4,49,000 u/s 69A as unexplained money, holding that Assessee failed to give acceptable explanation for deposits of Rs.3,

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