Cash Deposit in HUF’s Account cannot be taxed in Individual’s Hands: ITAT Ahmedabad

Pushpakant Punjalal Chokshi Vs. ITO (ITAT Ahmedabad) Cash Deposit in HUF’s Account cannot be taxed in Individual’s Hands – ITAT Ahmedabad deletes 69A addition Cash Deposit in HUF’s Account cannot be taxed in Individual’s Hands – ITAT Ahmedabad deletes 69A addition Pushpakant Punjalal Chokshi, proprietor of Chokshi Punjalal Somchand & Sons, engaged in jewellery business, faced an addition of ₹9,23,000/- u/s 69A on account of cash deposits found in an account with Abhyudaya Co-operative Bank Ltd. AO treated the account as belonging to the individual & taxed the deposits as ...