Cash recorded in books of accounts as an eyewash have to be added as unexplained money u/s 69A: ITAT

Gardenia Aims Developers Pvt Ltd Vs DCIT (ITAT Delhi)

Conclusion: The Hon’ble Tribunal while allowing Revenue Appeal have held that when the amounts received in cash against the sale of flats which have not been recorded in the books of account of the assessee at the time of search and seizure operation and subsequently recorded in the books as advance from customers is nothing but an eye wash to supplement the explanation of the assessee regarding the cash receipts. Therefore the addition made by t

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