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, 2026

Last update on Jul 8, 2026

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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.

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Saima

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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.