https://www.taxtmi.com/caselaws?id=755216 ITAT Chennai restored unexplained money addition u/s 69A to AO after assessee claimed agricultural income, rental income, and real estate commission totaling Rs. 23,22,500 to explain cash found during search. Assessee filed 53-page documentation but sought proper opportunity before AO. Tribunal confirmed CIT(A)'s deletion of Rs. 4,84,075 as revenue didn't appeal. Matter remanded to JAO for fresh consideration with direction that if assessee's explanation proves correct, no addition should be made. Appeal allowed for statistical purposes. en-us Fri, 05 Jul 2024 00:00:00 +0530 Tue, 09 Jul 2024 07:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755216 ITAT Chennai restored unexplained money addition u/s 69A to AO after assessee claimed agricultural income, rental income, and real estate commission totaling Rs. 23,22,500 to explain cash found during search. Assessee filed 53-page documentation but sought proper opportunity before AO. Tribunal confirmed CIT(A)'s deletion of Rs. 4,84,075 as revenue didn't appeal. Matter remanded to JAO for fresh consideration with direction that if assessee's explanation proves correct, no addition should be made. Appeal allowed for statistical purposes. Case-Laws Income Tax Fri, 05 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755216