Amount recorded in books and offered to tax cannot be treated as unexplained and added u/s 69A

Ramchandra Kanu Mendadkar Vs CIT (ITAT Mumbai) ITAT Mumbai held that amount cannot be treated as unexplained and accordingly addition u/s 69A of the Income Tax Act unsustainable as amount duly recorded in books of account and offered to tax as professional fees. Facts- The assessee is a practicing Advocate appearing in various Courts in and around Mumbai representing his clients in various streams of litigation for more than 35 years. Notably, the assessee was travelling by Vistara Airlines from Mumbai to Delhi to attend two matters in Hon’ble Supreme Court At the airport, the assessee was i...