Assessee adopted an Evasive/lackadaisical Approach and didn’t Participate in Assessment Proceedings: ITAT upheld Addition u/s 69A of Income Tax Act [Read Order]

By Sunayana Dhal - On October 11, 2023 5:30 pm - 2 mins read
Assessee - Evasive-lackadaisical Approach - Participate - Assessment Proceedings-ITAT - Addition - Income Tax Act-TAXSCAN

The Raipur bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition under Section 69A of the Income Tax Act, 1961 for the unexplained cash as the assessee adopted an evasive or lackadaisical approach and didnā€™t participate in the assessment proceedings. The Assessing Officer observed that the assessee society, during the demonetization period, had…

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