#Section 69A
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Sec.69A–Deeming provision cannot be initiated based on suspicion

If assessee merely acted as a conduit without any right in money, no addition can be made u/s 69A
Explore the latest Section 69A updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
