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Agent Collections vs Own Sales—Hyderabad ITAT Remands 69A Addition for Fresh Verification

Case Law Details

Case Name
Satyam Gupta Araveeti Vs ITO (ITAT Hyderabad)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2013-14
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Satyam Gupta Araveeti Vs ITO (ITAT Hyderabad) Agent Collections vs Own Sales—Hyderabad ITAT Remands 69A Addition for Fresh Verification The Hyderabad ‘A’ Bench of the ITAT, in Satyam Gupta Araveeti vs ITO (ITA No. 346/Hyd/2025, AY 2013-14), set aside the sustained addition of ₹38.06 lakh u/s 69A and remanded the matter to the AO for fresh adjudication after proper verification of documentary evidence. The reassessment was initiated based on AIMS/ITS information reflecting substantial cash deposits aggregating to ₹2.43 crore. In the best-judgment assessment u/s 147 r/w 144 r/w 144B, t...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,641

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