ITAT Holds Cash Deposits of Commission Agent Cannot Be Automatically Treated as Unexplained Income under Section 69A:
The Income Tax Appellate Tribunal (ITAT) Bangalore has held that cash deposits made by a commission agent cannot be treated as unexplained money under Section 69A merely because they were deposited in his bank account.
ITAT Remands Matter after Finding Cash Deposits Represented Sale Proceeds
Saima
Jul 7, 2026
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ITAT Holds Cash Deposits of Commission Agent Cannot Be Automatically Treated as Unexplained Income under Section 69A
The Income Tax Appellate Tribunal (ITAT) Bangalore has held that cash deposits made by a commission agent cannot be treated as unexplained money under Section 69A merely because they were deposited in his bank account.
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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
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