Addition u/s 69A - cash seized from the residence of the ...

Dispute Over Seized Diwali Cash: Legitimacy Questioned u/s 69A of Income Tax Act; Unexplained Income Allegations.

August 10, 2023

Case Laws Income Tax AT

Addition u/s 69A - cash seized from the residence of the assessee - the availability of cash should not have been doubted as unexplained. It is also pertinent to mention here that when the search took place on the date of Diwali at the residence of the assessee, it is unbelievable that the assessee cannot have a single rupee since the lower authorities have not even given credit of a single rupee. - AT

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Addition u/s 69A - cash seized from the residence of the ...

Dispute Over Seized Diwali Cash: Legitimacy Questioned u/s 69A of Income Tax Act; Unexplained Income Allegations.

August 10, 2023

Case Laws Income Tax AT

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