ITAT Upholds Section 69A Addition as Assessee Failed to Explain Cash Deposits:

ITAT Upholds Section 69A Addition as Assessee Failed to Explain Cash Deposits

ITAT rejected peak theory and sustained unexplained cash deposit addition due to lack of supporting evidence.

Unexplained bank cash deposits justified Section 69A addition, rules ITAT Guwahati

authorMeetu KumaridateJul 20, 2026
Last update on Jul 20, 2026
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ITAT Upholds Section 69A Addition as Assessee Failed to Explain Cash Deposits

ITAT rejected peak theory and sustained unexplained cash deposit addition due to lack of supporting evidence.

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Meetu Kumari

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Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
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