ITAT Ahmedabad Upholds ₹70.95 Lakh Addition Under Section 69A

Kanak Pramukhlal Sandesara Vs ITO (ITAT Ahmedabad) In the case of Kanak Pramukhlal Sandesara vs. ITO, the Income Tax Appellate Tribunal (ITAT), Ahmedabad, upheld the addition of ₹70,95,553 under Section 69A of the Income Tax Act. The case involved unexplained cash deposits and credit entries in the bank account of the assessee during the demonetization period. The assessment year in question was 2017-18, and the appeal was filed against the order of the Commissioner of Income Tax (Appeals) [CIT(A)] under the National Faceless Appeal Centre (NFAC). Despite multiple notices issued during the a...