Cash Withdrawn before Demonetisation not Unexplained: 69A Addition deleted

Vyankatesh Narayan Kulkarni Vs ITO (ITAT Mumbai) Cash Withdrawn Before Demonetisation Not Unexplained – ITAT Mumbai Deletes 69A Addition, Partly Upholds Agriculture Income Disallowance Assessee is an individual who filed return of income on 31.03.2018 declaring income of Rs. 6,98,320/- which included agricultural income of Rs. 13,67,404/-. AO during scrutiny proceedings noticed that Assessee had shown salary income as director of Manas Vyapar Pvt. Ltd., consultancy services, income from other sources & agricultural income. AO called for evidence such as land ownership, details of crops &...