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ITAT Remands Section 69 Addition as Source of Cash Payments Was Not Properly Examined

Case Law Details

Case Name
DCIT Vs Navin Hanumanprasad Bagadiya (ITAT Pune)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2014- 15
Advertisement DCIT Vs Navin Hanumanprasad Bagadiya (ITAT Pune) The Revenue appealed against the order of the Commissioner of Income Tax (Appeals), Pune-12, for Assessment Year 2014-15, challenging the deletion of an addition of ₹6,05,31,261 made under Section 69 of the Income-tax Act in proceedings under Sections 143(3) read with 153C. The addition related to alleged unexplained cash payments reflected in seized pocket diaries recovered during a search conducted on the Pride Group. During the search conducted on 21 January 2020, pocket diaries containing handwritten cash transactions were...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,551

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