https://www.taxtmi.com/caselaws?id=761042 The ITAT partially allowed the appeal concerning the addition under section 69A of the Income Tax Act, 1961. The Assessing Officer's decision to add unexplained cash deposits to the assessee's income was modified. The ITAT directed that 15% of the total addition be considered business income, deleting the remainder, due to the absence of new evidence and the age of the assessment year. The decision was pronounced on 29th October 2024 in Chennai. en-us Tue, 29 Oct 2024 00:00:00 +0530 Mon, 04 Nov 2024 08:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761042 The ITAT partially allowed the appeal concerning the addition under section 69A of the Income Tax Act, 1961. The Assessing Officer's decision to add unexplained cash deposits to the assessee's income was modified. The ITAT directed that 15% of the total addition be considered business income, deleting the remainder, due to the absence of new evidence and the age of the assessment year. The decision was pronounced on 29th October 2024 in Chennai. Case-Laws Income Tax Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761042