ITAT deletes section 69A Addition for Money kept for Treatment of Grand Mother

Yeddula Harsha Vardhan Vs DCIT (ITAT Hyderabad) The assessee’s role as Joint Managing Director of M/s. Axis Energy Ventures India Pvt. Ltd. and his wife’s profession as a medical doctor are not disputed. The assessee filed income tax returns for himself, his wife, and his father. The Assessing Officer made no adverse comments regarding the parents and grandmother of the assessee residing with him. The assessee’s claim of salary income, rental income, and his father’s substantial income remains undisputed, establishing the financial status of the assessee. Due to the eld...