ITAT deletes section 69A addition for Income Declared under section 44AD

Ankit Shankar Lal Tanwani Vs ACIT (ITAT Nagpur) In the case of Ankit Shankar Lal Tanwani vs. ACIT (Income Tax Appellate Tribunal Nagpur), the appellant, Ankit Shankar Lal Tanwani, contested the order passed by the Commissioner of Income Tax (Appeals)–3, Nagpur, for the assessment year 2019-20. The primary issue revolved around the addition of income made by the Assessing Officer under section 69A of the Income Tax Act, 1961, treating it as unexplained money. The appellant, engaged in the business of Kirana and general items, filed his original return of income under section 139(1) of the Act...