Section 69A matter remanded back as additional evidences needs verification of lower authority

Chinthalapudi Ramakrishna Vs ITO (ITAT Hyderabad) ITAT Hyderabad held that addition towards unexplained money under section 69A of the Income Tax Act is liable to be set aside and matter is remanded back to AO since additional evidences submitted by the assessee needs to be verified by lower authorities. Facts- On the basis of information available, AO noticed substantial transactions aggregating to Rs.136,25,180/- in the Andhra Bank account of the assessee. Accordingly, after passing an order u/s. 148A(d) on 25.04.2022, AO issued notice u/s. 148 of the Act on 26.04.2022. During the reassessme...