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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Addition u/s 69A - unexplained money - the evidence placed ...


Assessing Officer's Evidence Clears Assessee; No Section 69A Addition for Unexplained Money, Says Tribunal and Commissioner.

August 26, 2019

Case Laws     Income Tax     HC

Addition u/s 69A - unexplained money - the evidence placed before the AO clearly indicated that Mr. Chaturvedi confirmed that the draft was given by him to the Assessee and the Assessee had not benefited in any way from any of the above transactions - the CIT (A) and the ITAT was right that the addition to the income of the Assessee was not warranted

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