https://www.taxtmi.com/caselaws?id=401143 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 3,00,000 made under section 69A of the Income-tax Act, 1961. The Tribunal found that since the assessee had already offered and taxed the amount as 'Miscellaneous Receipt', making another addition for the same amount deposited in the bank account was unjustified. The Tribunal emphasized that adding the same amount at the time of earning undisclosed income and then again at the time of spending it was unwarranted, leading to the deletion of the addition in question. en-us Tue, 18 Aug 2020 00:00:00 +0530 Sat, 28 Nov 2020 09:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401143 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 3,00,000 made under section 69A of the Income-tax Act, 1961. The Tribunal found that since the assessee had already offered and taxed the amount as 'Miscellaneous Receipt', making another addition for the same amount deposited in the bank account was unjustified. The Tribunal emphasized that adding the same amount at the time of earning undisclosed income and then again at the time of spending it was unwarranted, leading to the deletion of the addition in question. Case-Laws Income Tax Tue, 18 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401143