Cash & Employee Account Additions Deleted – ITAT Dehradun Rules in Favour of Petrol Pump Owner

Ritu Singhal Vs DCIT/ACIT (ITAT Dehradun) ITAT Deletes Addition: Why Employee Bank Accounts Aren’t Unexplained Money; Cash Found During Search Explained by Cash Book: Addition Deleted; Tax Ruling: Cash Rich Business Justifies Cash-in-Hand Found During Search; Unexplained Cash Addition Quashed as Source is Supported by Books; Employee Salary Accounts Not Assessee’s Income: Section 69A Deletion Assessee, proprietor of a petrol pump, faced additions u/s 69A on two counts — (i) ₹1.74 lakh treated as unexplained money lying in employees’ bank accounts, & (ii) ₹4.87 lakh as...