Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]

By Shabna Rahim - On June 13, 2023 8:00 pm - 2 mins read
Income Tax - Income Tax Act - Addition - Unexplained Investment - Bank Account - delete - Addition - ITAT - Investment - Bank - Account - Income - Tax- taxscan

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition made by the assessing office under section 69 of the Income Tax Act,1961 on the ground of unexplained investment in a bank account. Anjali Roy, the appellant assessee was an individual and not assessed to tax either in her earlier life or after…

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