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Cash Deposits Already Offered Under Section 44AD Can’t Be Taxed Again Under Section 69A: ITAT Hyderabad
Case Law Details
- Case Name
- Amit Dokwal Vs ITO (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Hyderabad
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Amit Dokwal Vs ITO (ITAT Hyderabad)
Material Facts
The assessee, an individual engaged in the business of trading in agricultural produce, challenged the order of the Commissioner of Income Tax (Appeals), NFAC, dated 08.12.2025 for Assessment Year 2013-14. The Assessing Officer initiated reassessment proceedings under Sections 147 and 148 after receiving information regarding cash deposits in the assessee’s bank account. During reassessment, the Assessing Officer treated cash deposits of ₹42,40,000 as unexplained money under Section 69A and completed the assessment under Sections 147 r...
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