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Informative

Validity of ₹95.56 Lakh Addition as On-Money u/s 69A: ITAT Deletes Addition Due to Lack of Proper Verification

Update / Judgement Date

30 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderIncome Tax

ITAT deleted an addition made towards the validity of money due to a lack of proper verification by the assessing officer. The tribunal found that the tax authorities did not adequately investigate the source or nature of the alleged unexplained money. This ruling highlights the importance of thorough investigation and proper evidence gathering by the tax department before making additions to an assessee's income.