{"id":64503,"date":"2026-09-07T12:05:22","date_gmt":"2026-09-07T06:35:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sabbarapu-narayana-rao-v-pcit-2026-348-ctr-404-aphc\/"},"modified":"2026-09-07T12:05:22","modified_gmt":"2026-09-07T06:35:22","slug":"sabbarapu-narayana-rao-v-pcit-2026-348-ctr-404-aphc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sabbarapu-narayana-rao-v-pcit-2026-348-ctr-404-aphc\/","title":{"rendered":"Sabbarapu Narayana Rao v. PCIT (2026) 348 CTR 404 (AP)(HC)"},"content":{"rendered":"<p>The assessee explained that the cash deposits in his personal bank account represented capital introduced by the partners of a partnership firm. The Tribunal found that the partnership deed contained no recital regarding capital contribution by the partners and there was no satisfactory explanation as to why the alleged capital contribution was deposited in the assessee&#8217;s personal bank account instead of the firm&#8217;s bank account. The High Court held that the Tribunal had properly appreciated the evidence, including the confirmation letters of the partners, and upheld the addition. <strong>(<\/strong>AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69A: Unexplained money-Income from Undisclosed Sources-Cash deposits-Partner-Firm-Addition upheld where explanation regarding capital contribution by partners was unsupported by evidence. [S. 254(1)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64503","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gMn","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=64503"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64503\/revisions"}],"predecessor-version":[{"id":64504,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64503\/revisions\/64504"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}