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.

No

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