https://www.taxtmi.com/caselaws?id=397062 The ITAT ruled in favor of the assessee, directing the deletion of the Rs. 3,87,000 addition under section 69B, as the investment was properly accounted for. Regarding the Rs. 3,55,000 addition under section 69C, the ITAT set aside the Ld. CIT(A)'s decision, remanding the issue to the AO for fresh adjudication, emphasizing the need to examine the cash book and consider the extraordinary circumstances of the COVID-19 pandemic. en-us Fri, 22 May 2020 00:00:00 +0530 Tue, 05 Nov 2024 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397062 The ITAT ruled in favor of the assessee, directing the deletion of the Rs. 3,87,000 addition under section 69B, as the investment was properly accounted for. Regarding the Rs. 3,55,000 addition under section 69C, the ITAT set aside the Ld. CIT(A)'s decision, remanding the issue to the AO for fresh adjudication, emphasizing the need to examine the cash book and consider the extraordinary circumstances of the COVID-19 pandemic. Case-Laws Income Tax Fri, 22 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397062