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Informative

Unexplained Cash Deposit of ₹22.78 Lakh u/s 69A: ITAT Deletes Addition due to Sufficient Evidence

Update / Judgement Date

04 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderIncome Tax

ITAT deleted an addition under Section 69A for an unexplained cash deposit of ₹22.78 lakh, citing sufficient evidence. This decision highlights the importance of evidence in tax disputes. It underscores the need for fair assessments. This ruling reflects the tribunal's emphasis on justice. It emphasizes the need for thorough examinations. The deletion aims to prevent undue additions.