Cash deposit already added in return cannot be added again by treating it unexplained u/s. 69A

Usha Patodia Vs ITO (ITAT Kolkata) ITAT Kolkata held that addition towards unexplained money under section 69A of the Income Tax Act cannot be sustained since the cash deposit is already added while filing the return of income under the head other sources. Accordingly, addition set aside and appeal allowed. Facts- The case of the assessee was selected for limited scrutiny for examination of cash deposited during demonetization period. Post issuance of show cause notice and examination thereof, Assessing Officer added Rs. 42 Lacs by treating the same as unexplained money. CIT(A) dismissed the a...