ITAT Kolkata Deletes Section 69A Rs. 11 Lakh Addition on Accommodation Entry

Partha Sarkar Vs ITO (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, in the case of Partha Sarkar vs. ITO, has deleted an addition of made to the assessee’s income as unexplained money under Section 69A of the Income Tax Act. The Tribunal’s ruling hinged on the fact that the assessee, an interior decorator, had already offered the disputed amount to tax by including it in his total receipts/income. ITAT Deletes Lakh Addition Made Under Section 69A The assessee, Partha Sarkar, an interior decorator, filed his Return of Income (ITR) for the Assessment Year (AY...