ITAT Deletes Rs 1.32 Crore Section 69A Addition; Holds Recorded Sales Cannot Be Treated as Unexplained Income Without Proof:
The ITAT Ahmedabad deletes Rs 1.32 crore Section 69A addition, accepts genuine gold sales and rules that suspicion alone cannot justify taxation.
ITAT Says Rules Genuine Gold Sales Deposits Cannot Be Taxed Under Section 69A
Saloni Kumari
Jul 15, 2026Premium
ITAT Deletes Rs 1.32 Crore Section 69A Addition; Holds Recorded Sales Cannot Be Treated as Unexplained Income Without Proof
The ITAT Ahmedabad deletes Rs 1.32 crore Section 69A addition, accepts genuine gold sales and rules that suspicion alone cannot justify taxation.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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