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ITAT Remands Cash Deposit Addition as Assessee Failed to Prove Business Activity
Case Law Details
- Case Name
- ITO Vs Chennarapu Ashok Kumar (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Hyderabad
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ITO Vs Chennarapu Ashok Kumar (ITAT Hyderabad)
Hyderabad ITAT Orders Fresh Verification of Cash Deposits Due to Lack of Supporting Evidence; Section 69A Addition Sent Back for Reconsideration Because Business Receipts Claim Was Unverified; ITAT Says Cash Deposits Cannot Be Accepted as Business Receipts Without Proper Proof; Hyderabad ITAT Finds CIT(A) Relied on Financial Statements Without Adequate Evidence.
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) dealt with a Revenue appeal against the order of the Commissioner of Income Tax (Appeals), National Faceles...
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