Addition of Part of Cash Deposit to Total Income on Surmises and Conjectures: ITAT upholds deletion of Addition u/s 69A [Read Order]

Addition - Cash Deposit - Total Income - ITAT - taxscan

The Income Tax Appellate Tribunal, Chandigarh Bench has held that addition of part of cash deposit to total Income on surmises and conjectures and upholds the deletion of addition u/s 69A. Thegroup cases of M/s Roop Square Group of Companies to which the assessee, M/s Roop Fashion belongs were searched under section 132(1). The AO…

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