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Cash Withdrawn before Demonetisation not Unexplained: 69A Addition deleted
Case Law Details
- Case Name
- Vyankatesh Narayan Kulkarni Vs ITO (ITAT Mumbai)
- 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 Mumbai
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Vyankatesh Narayan Kulkarni Vs ITO (ITAT Mumbai)
Cash Withdrawn Before Demonetisation Not Unexplained – ITAT Mumbai Deletes 69A Addition, Partly Upholds Agriculture Income Disallowance
Assessee is an individual who filed return of income on 31.03.2018 declaring income of Rs. 6,98,320/- which included agricultural income of Rs. 13,67,404/-. AO during scrutiny proceedings noticed that Assessee had shown salary income as director of Manas Vyapar Pvt. Ltd., consultancy services, income from other sources & agricultural income. AO called for evidence such as land ownership, details of crops &...
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