https://www.taxtmi.com/highlights?id=84759 Assessee declared cash deposit of Rs. 42 lacs during demonetization period as income. AO made another addition u/s 69A for same amount, treating it as unexplained money and levied tax u/s 115BBE, resulting in double taxation of same income. ITAT held that AO's action of making addition over and above income declared by assessee is wrong and against provisions of Act. Since assessee had already offered cash deposit as income, no separate addition could be made. Appeal allowed. en-us Fri, 10 Jan 2025 08:57:32 +0530 Fri, 10 Jan 2025 08:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84759 Assessee declared cash deposit of Rs. 42 lacs during demonetization period as income. AO made another addition u/s 69A for same amount, treating it as unexplained money and levied tax u/s 115BBE, resulting in double taxation of same income. ITAT held that AO's action of making addition over and above income declared by assessee is wrong and against provisions of Act. Since assessee had already offered cash deposit as income, no separate addition could be made. Appeal allowed. Highlights Income Tax Fri, 10 Jan 2025 08:57:32 +0530 https://www.taxtmi.com/highlights?id=84759