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Addition u/s. 69A sustained as source of cash deposit not substantiated: ITAT Ahmedabad

Case Law Details

Case Name
Prakash Govindbhai Patel Vs ITO (ITAT Ahmedabad)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2010-11
Advertisement Prakash Govindbhai Patel Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that addition under section 69A of the Income Tax Act as unexplained cash credit sustained as assessee furnished no explanation or supporting documents to substantiate the source of cash deposit in the bank account. Facts- The assessee, Shri Prakash Govindbhai Patel, filed his original Return of Income electronically on March 30, 2012, declaring a total income of Rs. 3,02,200/-. This return was processed under Section 143(1) of the Income Tax Act on June 16, 2012, with no alterations to the declared income. H...
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