ITAT Raipur Deletes ₹3.78 Cr Sec 69A Addition; Relief to Co-op Society for Recorded Cash Deposits

Bhilai Karmchari Adarsh Sakh Sahkari Samiti Maryadit Vs ITO (ITAT Raipur) Cash Deposits Recorded in Books – Sec. 69A Addition of Rs 3.78 Cr Deleted – Cooperative Society Gets Relief – ITAT Raipur The ITAT Raipur partly allowed the appeal of a co-operative credit society and deleted addition of ₹3.78 crore made u/s 69A towards cash deposits in Yes Bank. The Tribunal noted that the bank accounts were duly disclosed in the ITR and audited books, and cash deposits were sourced from withdrawals made from another disclosed bank account (Jila Sahkari Kendriya Bank). In absence of adverse mate...