No Section 69A Addition if Deposited Money Not Belong to Assessee: ITAT Delhi

Advertisement Sanjay Chalia Vs ITO (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, remanded a matter involving addition of Rs.24,65,103 under Section 69A of the Income Tax Act for Assessment Year 2020-21. The assessee challenged the addition, contending that the amount credited in his Punjab National Bank account did not represent his income but Government money fraudulently deposited by a relative, Mr. Virender, who allegedly embezzled Government funds and routed them through accounts of relatives and friends. The assessee submitted that he was a salaried employee earning inc...