Chinthalapudi Ramakrishna. v. ITO (2025) 215 ITD 222 (Hyd) (Trib.)

S. 69A: Unexplained money-Cash deposits-Additional evidence-Matter remanded to the file of the Assessing Officer for re-adjudication. [S. 147]

Assessing Officer treated the entire cash deposit in assessee’s bank as unexplained money under section 69A of the Act. The assessee produced additional evidence before the Tribunal. Tribunal admitted the additional evidence and remanded  to the  file of the Assessing Officer with directions to verify such evidence and to re adjudicate the addition.(AY. 2018-19)

Leave a Reply

Your email address will not be published. Required fields are marked *

*