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2019 (8) TMI 182 - AT - Income TaxUndisclosed professional receipt u/s 69A - Year of assessment - Assessee denied to have maintained cash system of accounting, therefore, there was no justification to make addition of the impugned amount in assessment year under appeal - HELD THAT:- Assessee has paid advance tax on the amount in question in AY 2020-21 and undertaken to declare the amount for taxation, Revenue is not going to lose anything. It is merely a tax neutral exercise. Therefore, do not find any justification to doubt the explanation of the assessee. In this view of the matter, set aside the orders of the authorities below and delete the addition of ₹ 8,70,000/-.
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