Assessee, engaged in transport business, made cash deposits of Rs. 26.01 lakh, and the Assessing Officer made additions under section 69A. Tribunal held that considering past disclosures of transportation receipts of Rs. 9.16 lakh and redeposit of Rs. 4.65 lakh out of earlier withdrawals, addition was to be sustained to the extent of Rs.10 lakh. (AY. 2012-13)
Renu Vinod Kaushal. v. ITO (2025) 215 ITD 12 (Ahd) (Trib.)
S. 69A: Unexplained money-Cash deposits-Past disclosures and withdrawals-Addition was sustained to the extent of Rs 10 lakhs.[S.44AE]
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