Traveling to India and depositing cash in to NRO bank account: ITAT deletes addition u/s 69 A of Income Tax Act [Read Order]

ITAT ruled that no addition shall be made under Section 69A of the Income Tax Act, 1961, for cash deposition into a Non-Resident Ordinary (NRO) bank account during travel to India
By Aiswarya Krishnadas - On February 7, 2024 12:33 pm - 2 mins read
ITAT - ITAT Delhi - Income Tax - NRO bank account - Tax news - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that no addition shall be made under Section 69A of the Income Tax Act, 1961, for cash deposition into a Non-Resident Ordinary ( NRO )  bank account during travel to India. The assessee filed an income tax return on March 31, 2017,…

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