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Income Tax - Highlights / Catch Notes

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Addition u/s 69A r.w.s 115BBE - Unexplained cash found - the ...


Cash Gifts at Wedding Validated, Income Tax Additions Deleted u/s 69A and 115BBE.

December 10, 2022

Case Laws     Income Tax     AT

Addition u/s 69A r.w.s 115BBE - Unexplained cash found - the money has been found in the wrapped cover wherein the assessee has contended that the money has been received at the time of various rituals ceremony conducted at the time of his marriage. The denomination of cash found also support the contention of the assessee. - CIT(A) rightly deleted the additions - AT

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