Addition u/s 69A towards cash deposit unsustainable as it is income from PMGKY Scheme supported by valid declaration

Sourabh Aggarwal Vs DCIT (ITAT Delhi)

ITAT Delhi held that addition u/s 69A of the Income Tax Act unsustainable as cash deposit of INR 4.50 cr. is income under the scheme Pradhan Mantri Garib Kalyan Yojana (PMGKY) and the same is cleared by a valid declaration under the scheme.

Facts-

The sum and substance of the quarrel is that the ld. CIT(A) erred in upholding an addition made of Rs. 4.50 crores u/s 69A of the Income Tax Act ignoring the fact that once advance tax

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