Business receipt or Unexplained Cash Receipt can be assessed u/s 69 A of Income Tax Act: ITAT [Read Order]

Business receipt or Unexplained cash receipt can be assessed u/S 69 A of Income Tax Act 1961, rules ITAT
By Aiswarya Krishnadas - On January 23, 2024 2:05 pm - 2 mins read
Income Tax - ITAT Mumbai - Business receipt - unexplained cash receipt - Income Tax on Unexplained cash - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Business receipt or unexplained cash receipt can be assessed u/S 69 A of Income Tax Act 1961. The assesse firm was engaged in building and developing a real estate project of residential flats, underwent a survey action under section 133 of…

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