Wrong Mention of Section 69 Instead of 69A Does Not Invalidate Addition: ITAT Hyderabad

Advertisement Clarion Agro Products Private Limited Vs ACIT (ITAT Hyderabad) Hyderabad ITAT: Wrong Section Mentioned (69 Instead of 69A) Doesn’t Invalidate Addition; Section 153D Approval Protected by New Section 292BC The Hyderabad ITAT partly allowed the assessee’s appeal for statistical purposes in a search assessment. The Tribunal upheld the addition of ₹67,43,098 relating to excess cash found during the search, holding that mentioning Section 69 instead of Section 69A did not invalidate the addition since the nature of the addition as unexplained cash remained unchanged, and ...