Addition u/s 69A unjustified as evidences explaining nature & source of cash deposits filed

S. Tulasidoss Nedunselian Vs ACIT (ITAT Chennai) ITAT Chennai held that addition towards unexplained money u/s 69A of the Income Tax Act unjustified as assessee has filed necessary evidence to explain nature and source for cash deposits. Facts- The assessee is a managing director of one company M/s. STN Properties Ltd. The assessee has filed his original return of income for all assessment years u/s. 139 of the Income-tax Act, 1961. A search and seizure operation u/s. 132 of the Act, was conducted on 16.11.2016 in the residential premises of the assessee. Consequent to search, notice u/s. 153A...