ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]
Considering the amount was from an earlier withdrawal, ITAT deletes ₹9.84 lakh addition u/s 69A
By Kavi Priya - On September 30, 2024 5:26 pm - 2 mins read
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) deleted Rs.9.84 Lakh addition made under Section 69A of the Income Tax Act, 1961 after verifying that the cash deposits were from Rs. 10 Lakhs which was withdrawn earlier by the assessee. Bharat Kumar Chetri, the assessee filed his income tax return declaring Rs….
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