ITAT Restricts Section 69A Addition to Peak Credit, Says Entire Cash Deposits Cannot Be Taxed:

ITAT Restricts Section 69A Addition to Peak Credit, Says Entire Cash Deposits Cannot Be Taxed

The Chennai ITAT directed the AO to restrict the Section 69A addition to the peak credit instead of taxing the entire cash deposits.

ITAT Limits Section 69A Addition to Peak Credit

authorVanshika vermadateJul 11, 2026
Last update on Jul 11, 2026
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ITAT Restricts Section 69A Addition to Peak Credit, Says Entire Cash Deposits Cannot Be Taxed

The Chennai ITAT directed the AO to restrict the Section 69A addition to the peak credit instead of taxing the entire cash deposits.

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
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