ITAT Cochin Upholds Section 69A Cash Deposit Addition, Rejects Post-Dated Evidence

Baiju Lekshmanan Vs ITO (ITAT Cochin) Unexplained Cash Deposits u/s 69A Upheld: Cochin ITAT Rejects Post-Dated Evidence in Absence of Proof The case of the assessee was selected for re-assessment u/s 147   based on information that the assessee had made cash deposits totaling Rs.10587899/- in his bank a/c  . AO observed that the assessee has not filed return of income   u/s 139 despite having taxable income.  In response to notices u/s 143(2) and 142(1)   assessee filed a return of income .  During scrutiny, the assessee failed to provide any explanation regarding the transaction to...