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HomeDirect TaxITAT Remands Rs. 1.47 Crore Addition Over Unexplained Cash Deposits Under S....

ITAT Remands Rs. 1.47 Crore Addition Over Unexplained Cash Deposits Under S. 69A

Direct Tax

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By Mariya Paliwala
ITAT Remands Rs. 1.47 Crore Addition Over Unexplained Cash Deposits Under S. 69A

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The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside an addition of Rs. 1.47 crore made under Section 69A of the Income-tax Act, 1961, and remanded the matter to the Assessing Officer (AO) for fresh verification.  The bench of  Dr. B.R.R. Kumar (Vice-President) And Suchitra R. Kamble (Judicial Member) held that the…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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