Initial Onus Discharged, ₹71.23 Lakh Section 69A Burden Shifts to Revenue

Sanjitha Reddy Vs ITO (ITAT Bangalore) Affidavits Trigger AO’s Duty to Verify — Bangalore ITAT Remands ₹71.23 Lakh 69A Addition in Cash Property Purchase Case The Bangalore ITAT (B Bench) allowed the appeal of Ms. Sanjitha Reddy for statistical purposes and remanded the matter to the AO, holding that once the Assessee furnishes affidavits explaining source of cash, the AO cannot make an addition u/s 69A without first conducting proper verification of the donors. The case related to AY 2016-17, where the AO reopened assessment u/s 148 on the basis of information that the Assessee had purc...