Ahmedabad ITAT Deletes Section 69A Addition on Cash Deposits; Accepts Cash Savings and Bank Withdrawals as Explained Source

PramodarayNaranaprasad Pathak Vs ITO (ITAT Ahmedabad) Ahmedabad ITAT Deletes Section 69A Addition on Cash Deposits; Accepts Cash Savings and Bank Withdrawals as Explained Source The Ahmedabad ITAT allowed the assessee’s appeal and deleted the addition of ₹5,00,100 made under section 69A, holding that the cash deposited in the post office account stood satisfactorily explained through cash savings from earlier years and withdrawals from bank accounts. The assessee, who earned his livelihood through priesthood and catering, had not filed a return of income for AY 2020-21 as his total inc...