ITAT Mumbai set aside Section 69 addition for alleged Unexplained Cash

Hemant Samarataji Lohar Vs CIT (Appeals-54) (ITAT Mumbai)

The case involves an appeal by the assessee, Hemant Samarataji Lohar, against an order issued on 20.10.2023 by the Commissioner of Income Tax (Appeals) [CIT (Appeals)-54] for the Assessment Year (A.Y.) 2019-20. The assessee had filed his income tax return on 25.08.2019, declaring a total income of Rs. 13,43,340 after claiming a deduction of Rs. 1,83,502 under Chapter VI-A of the Income Tax Act, 1961. The return was initially processed under Section 143(1) of the Act.

Proceedings and Assessments:

Please become a Premium member. If you are already a Premium member, login here to access the full content.