Unexplained Cash Used for Credit Card Purchases Treated as Income u/s 69A Due to Lack of Evidence.

The assessee used unexplained cash to purchase credit cards, leading the Assessing Officer (AO) to add the amount as income under Section 69A of the Income Tax Act due to the failure to explain the cash source. The Commissioner of Income Tax (Appeals) [CIT(A)] confirmed this addition, as the assessee did not provide evidence. The Income Tax Appellate Tribunal (ITAT) upheld the CIT(A)'s decision, applying Section 69A to deem the unexplained cash as income, ruling against the assessee for not complying with statutory notices and failing to substantiate the cash source. .....

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