No section 69 addition for cash received for House Rent & Agricultural Land deposited during Demonetization

Sri Narsimha Reddy Pindi Vs ITO (ITAT Hyderabad)

Introduction: Dive into the recent decision by ITAT Hyderabad in the case of Sri Narsimha Reddy Pindi vs ITO, where the Assessing Officer questioned a cash deposit during demonetization. The case revolves around the assessee’s ability to substantiate the source of the deposit, involving rental and agricultural income.

Detailed Analysis: Sri Narsimha Reddy Pindi, an individual deriving income from house

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