This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Addition u/s. 69A towards unexplained money unjustified as cash withdrawn more than cash deposit
Case Law Details
- Case Name
- Bharat Kumar Chetri Vs ITO (ITAT Bangalore)
- 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 Bangalore
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Bharat Kumar Chetri Vs ITO (ITAT Bangalore)
ITAT Bangalore deleted addition made under section 69A of the Income Tax Act towards unexplained money after examining the cash withdrawn and cash deposit amounts, since cash withdrawn is more than cash deposit.
Facts- The assessee filed return of income u/s. 139(1) of the Act on 02.8.2017 declaring total income of Rs.4,24,800. The case was selected for limited scrutiny on the reasons (a) Cash deposit during the year, and (b) Cash withdrawals. Notice u/s. 143(2) dated 14.08.2018 was issued to the assessee, but there was no response. ...
Author Info
