Failure to Prove Cash Source Justifies Addition Under Section 69A: ITAT Hyderabad

Krishnakumar Manda Vs DCIT (ITAT Hyderabad)

Cash Deposits & Unexplained Investment Sink Assessee: Hyderabad ITAT Upholds Additions u/s 69/69A and Mandatory Penalty u/s 271AAC

Hyderabad ITAT (Bench “A”) in Shri Krishnakumar Manda vs. DCIT, Circle-12(1), Hyderabad (ITA Nos.1016 & 1017/Hyd/2025, AY 2021-22, order dated 19.12.2025) dismissed both the quantum appeal and the penalty appeal of the assesse

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