The Tribunal held that cash deposits cannot be treated as unexplained when the bank account is recorded in audited books and disclosed in the ITR. In absence of contrary evidence, the addition under Section 69A was deleted.
The post Cash Deposits Recorded in Books – Sec. 69A Addition of Rs 3.78 Cr Deleted – Cooperative Society Gets Relief – ITAT Raipur appeared first on TaxGuru.
