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2023 (5) TMI 582 - ITAT MUMBAIAddition u/s 69A - unexplained cash - CIT-A disbelieved the confirmation of Appellants’ client having deposited cash with Appellant for his matter in Supreme Court - HELD THAT:- Addition under section 69A could be made if the assessee is found to be the owner of money that is not recorded in the books of account and the assessee is not offering explanation about the source of money. In assessee’s case we notice that the assessee has recorded the impugned amount in the books of account and has also offered the same to tax by including the it as professional fees. In view of these discussions and considering the facts of the present case, we are of the view that the amount cannot be treated as unexplained and therefore we delete the addition u/s 69A of the Act. Decided in favour of assessee.
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