#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.

Additions for unexplained cash deposits u/s 69A and loans made u/s 68 without proper verification was restored back

Refund of money from earlier advances cannot be added under Section 68

Negligence of accountant not sufficient cause for condoning delay of 477 days: ITAT Ahmedabad

Amounts declared under PMGKY scheme cannot be taxed again u/s. 69A

Cash deposits recorded in books of accounts cannot be treated as unexplained money u/s. 69A

Issue of notice u/s 143(2) was mandatory even if return of income was filed beyond time limit provided u/s 142(1)

Protection against clutches of 69A not available by mere disclosing and paying tax

Only Profit on Unaccounted Sales Taxable; 12% NPR Upheld: ITAT Ahmedabad

Addition towards unexplained receipts based on seized dairies sustained

Explained SBN Deposits During Demonetization Not Unexplained Income: ITAT Mumbai

Addition on protective basis deleted as bank account fraudulently opened in assessee’s name

Withdrawn Cash Presumed Available for Deposits in absence of Evidence of Other Use

Cash Deposits Post-Demonetisation Valid If Shown in Books and Returns

ITAT Ahmedabad Remands Section 69A Additions for Fresh Adjudication
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.
