Unexplained money u/s 69A or investment u/s 69 - Once an AO ...

Income Tax

August 21, 2023

Unexplained money u/s 69A or investment u/s 69 - Once an AO finds that an investment has been made, he has to examine the Assessee's explanation as to the source of that investment. It is only in cases where the Assessee is unable to explain the source of the investment made that provisions of Section 69 of the Act can be applied to tax the value of the investment made. - Additions were rightly deleted - AT

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Unexplained money u/s 69A or investment u/s 69 - Once an AO ...

Income Tax

August 21, 2023

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