Wrong AY = No U/s 69A Addition; Seized Cash Taxable Only in Year of Seizure

Rajeev Gupta Vs DCIT (ITAT Agra)

The ITAT, Agra Bench held that cash seized on 30-03-2019 pertains to AY 2019-20, and therefore no addition u/s 69A can be made in AY 2020-21. In this case, police seized ₹10 lakh from the assessee on 30-03-2019; the AO treated ₹4.50

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