ITAT Confirms Client Funds Are Not Advocate’s Income, Deletes U/s 69A Addition

Rishi L Anandani Vs ITO (ITAT Raipur) GST Clients’ Cash ≠ Unexplained Money— Advocate’s Bank Deposits Were Clients’ Tax Money – No Enquiry, No Evidence, No 69A-  ITAT Deletes 69A Addition Assessee, an advocate practicing in Income Tax & GST, declared income of Rs.3,98,320. Case was selected for limited scrutiny to verify cash deposits during demonetisation. AO added Rs.4,49,000 u/s 69A as unexplained money, holding that Assessee failed to give acceptable explanation for deposits of Rs.3,41,000 in current account & Rs.45,000 in savings account in old currency. Assessee ...