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
ITAT Deletes Rs 1.32 Crore Section 69A Addition; Holds Recorded Sales Cannot Be Treated as Unexplained Income Without ProofHigh Court Held Income Tax Reassessment Notice Issued to Dead Person As InvalidITAT Quashes Reassessment Based on Unverified Insight Portal InformationITAT Upholds Disallowance of Rs 1.80 Lakh 80GGC Deduction Over Bogus Political Donation Claim
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.
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
165My Recent Articles
- High Court Held Income Tax Reassessment Notice Issued to Dead Person As InvalidPremium
- ITAT Sets Aside CIT(A)'s Order for Ignoring Delhi High Court DirectionsPremium
- ITAT Rules Cash Deposits During Demonetisation Not Fully Explained by Agricultural Income ClaimPremium
- ITAT Rules Interest Paid on Borrowed Funds Cannot Be Claimed Beyond Interest Earned from Related Company Premium
- ITAT Rules Mere inadequacy of Inquiry is not a Ground to Invoke Section 263 Premium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts