Addition u/s. 69A not sustained as bank account belongs to HUF of assessee

ITO Vs A. Kulanthaivel (ITAT Chennai) ITAT Chennai held that addition under section 69A of the Income Tax Act towards cash deposits not reflected in bank account details cannot be sustained since the income doesn’t belong to assessee in the individual status but the income belong to HUF of the assessee. Facts- The AO received information that the assessee has made cash deposit of Rs.4,66,49,320/- in the bank account, however, the same was not reflected in bank account details. Hence, AO added the same u/s 69A of the Income Tax Act. CIT(A) considered the submissions and deleted the addition....