ITAT Deletes Section 69A Addition as Cash Deposits Already Declared as Business Turnover under Section 44AD:
The ITAT Hyderabad has held that cash deposits already accepted by the AO as business turnover under Section 44AD cannot again be taxed as unexplained money under Section 69A.
Same Cash Receipts Cannot Be Taxed Twice If Accepted as Presumptive Business Turnover
Saima
Jul 8, 2026Premium
ITAT Deletes Section 69A Addition as Cash Deposits Already Declared as Business Turnover under Section 44AD
The ITAT Hyderabad has held that cash deposits already accepted by the AO as business turnover under Section 44AD cannot again be taxed as unexplained money under Section 69A.
Also Read
About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
136My Recent Articles
- ITAT Upholds 8% Profit Estimation on Bank Credits Where Assessee Failed to Substantiate Business ReceiptsPremium
- ITAT Rules Taxpayer Should Not Suffer Once Delay in ITR E-Verification is CondonedPremium
- ITAT Holds Cash Deposits of Commission Agent Cannot Be Automatically Treated as Unexplained Income under Section 69APremium
- ITAT Holds Cost of Acquisition Cannot Be Taken as Nil Merely Because Old Records Are UnavailablePremium
- ITAT Holds Miscommunication Between Assessee and Counsel As Sufficient to Warrant Fresh Adjudication Premium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts