https://www.taxtmi.com/caselaws?id=771676 ITAT Pune partially allowed the assessee's appeal against addition under section 69A for unexplained cash deposits. The tribunal directed the AO to accept profits declared under section 44AD provisions, noting the assessee had opted for presumptive taxation scheme. However, regarding loans received from various parties, the matter was restored to AO with directions to verify identity and creditworthiness of loan creditors after providing opportunity to the assessee to substantiate the same. en-us Tue, 20 May 2025 00:00:00 +0530 Thu, 29 May 2025 08:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771676 ITAT Pune partially allowed the assessee's appeal against addition under section 69A for unexplained cash deposits. The tribunal directed the AO to accept profits declared under section 44AD provisions, noting the assessee had opted for presumptive taxation scheme. However, regarding loans received from various parties, the matter was restored to AO with directions to verify identity and creditworthiness of loan creditors after providing opportunity to the assessee to substantiate the same. Case-Laws Income Tax Tue, 20 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771676