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
Vanshika verma
Jul 11, 2026Premium
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.
Also Read
ITAT Gives Taxpayer Fresh Chance to Explain Bank DepositsITAT Holds A Sheet Found During Third-Party Search Cannot Justify Section 69A Addition Without Corroborative EvidenceCBDT Authorises DGIT (Systems) to Upload Automatic Exchange of Information in Taxpayers' AIS Within 90 DaysITAT Deletes Additions for Cash Deposits After Finding Assessee's Explanation Credible
About Author
Vanshika verma
Content Writer
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.
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.
Studycafe
Delhi, Delhi, India
1554My Recent Articles
- Government Waives Customs Duty on Key Display Components for Auto, Medical and Industrial SectorsPremium
- Centre Waives Customs Duty on Wireless Charging Module Components for Mobile Phones
- ITAT: Genuine Tax Deduction Cannot Be Denied Due to Clerical Error in ITRPremium
- ITAT Allows Tax Exemption on VRS Compensation Under Section 10(10B)Premium
- ITAT Remands Rs 1.53 Crore Cash Deposit Case, Cites Need for Fair OpportunityPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Tags
Recent Posts
All Posts