Entire E-Seva Cash Deposits Not Taxable Under Section 69A: ITAT Chennai

ITO Vs Thiyagarajan Raja (ITAT Chennai) Chennai ITAT Upholds 2% Commission Estimation: Entire Cash Deposits of E-Seva Operator Cannot Be Taxed Under Section 69A The Chennai ITAT dismissed the Revenue’s appeal and upheld the CIT(A)’s decision to tax only the profit element embedded in the transactions, holding that the entire cash deposits of ₹1.40 crore could not be treated as unexplained money under Section 69A when the assessee had established that he was carrying on a genuine E-Seva facilitation business. The assessee operated an E-Seva centre, providing services such as Aadhaar corre...