Section 69A Addition Remanded for Fresh Verification of Cash Source

Akheto Yepthomi Vs ITO (ITAT Guwahati) Cash Deposits u/s 69A Remanded for Fresh Verification; Penalty u/s 271B Sustained Despite Section 10(26) Exemption The Guwahati Bench of the ITAT dealt with two appeals arising from the same assessment year—one challenging addition under section 69A and the other contesting penalty under section 271B. The assessee, a Scheduled Tribe individual claiming exemption under section 10(26), had deposited substantial cash in multiple bank accounts during AY 2021-22. The Assessing Officer treated the entire cash deposits as unexplained due to non-maintenance of ...