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    <title>Unexplained Cash Used for Credit Card Purchases Deemed Income u/s 69A, Tribunal Upholds Tax Addition.</title>
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    <description>Assessee purchased credit cards using unexplained cash payments. AO made addition u/s 69A as assessee failed to explain source of cash. CIT(A) confirmed addition since no evidence was filed by assessee. ITAT upheld CIT(A)&#039;s order applying s.69A deeming unexplained cash as income, deciding against assessee for non-compliance with statutory notices and not substantiating cash source.</description>
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      <title>Unexplained Cash Used for Credit Card Purchases Deemed Income u/s 69A, Tribunal Upholds Tax Addition.</title>
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      <description>Assessee purchased credit cards using unexplained cash payments. AO made addition u/s 69A as assessee failed to explain source of cash. CIT(A) confirmed addition since no evidence was filed by assessee. ITAT upheld CIT(A)&#039;s order applying s.69A deeming unexplained cash as income, deciding against assessee for non-compliance with statutory notices and not substantiating cash source.</description>
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      <pubDate>Tue, 07 Jan 2025 07:56:21 +0530</pubDate>
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