#Section 69A
Log in to FollowLatest Section 69A updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

AO Can’t Cry ‘SBN Violation’ to Tax Genuine Sales – Demonetisation or Not – Once Sales Are in the Books, You Can’t Tax the Cash Twice

ITAT Chennai deletes demonetisation cash deposit addition – Once books are accepted, cash sales cannot be treated as unexplained money u/s 69A

ITAT Chennai restricts addition on cash deposits – Treats assessee as commission agent, estimates income at 4% instead of taxing entire deposits

AO Accepted Agri Income in Next Year but Denied in Earlier Year Without Logic – ITAT Deletes Addition as CIT(A) Adopted “Whims & Fancies”!

No revision of Voluntarily filed returns was possible through additional evidence under rule 29 of ITAT Rules

Cash found during search verifiable from audited books cannot be added u/s. 69A as unexplained money

Reassessment Set Aside for Fresh Hearing – Assessee Can Challenge Validity of Notice u/s 148 in Subsequent Proceedings: ITAT Hyderabad

Protective additions without substantive foundation quashed – ITAT Visakhapatnam invalidates reopening based on suspicion

Reassessment notice u/s. 148 beyond specified limit is time barred

Faceless AO Ignored Evidence of Family Funding – Tribunal Restores Justice for Homemaker

Additions u/s 2(22)(e) & 68 Deleted – Payments Held Against Salary & Refund from Broker

ITAT Mumbai remands ₹3 crore addition case – directs AO to verify FDs, cash & flat investment afresh

Once Books Accepted, Cash Deposits Can’t Be Doubted: ITAT Jabalpur

Gold Stock Discrepancy Addition Deleted Following Invoice Reconciliation
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.
