Source of Cash Deposits duly Explained: ITAT deleted Addition of Rs. 10.75 u/s 69A [Read Order]

The bench observed that the appellant had recorded the details of cash details in the book of account and also the source of cash deposits during demonetisation period
By Saagarika Gopinath - On August 26, 2024 12:24 pm - 2 mins read
Cash Deposits - ITAT - s 69A - section 69a - section 69A of the income tax act - income tax - income tax act - explanation - explanation on Source of Cash Deposits - itat explanation – taxnews - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal deleted the addition made by AO under Section 69 of the Income Tax Act, 1961. In this case, the assessee, Dipak Balubhai Patel, who is a Karta of Hindu Undivided Family (HUF), filed Income Tax Returns for the Assessment Year (AY), declaring a total income of…

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