https://www.taxtmi.com/caselaws?id=774928 ITAT (Amritsar) deleted protective additions under s.69A made against the assessee for unexplained bank deposits linked to alleged purchases, finding the assessee a licensed retail liquor trader whose declared turnover and purchases (reflected in Form 26AS and through HDFC) supported his return. The Tribunal accepted that the disputed account was fraudulently opened by third parties, that the assessee lodged an FIR and pursued legal remedies, and that the AO's inquiry showed proceedings against the alleged perpetrators. On merits, the protective additions were held unjustified and the appeal was allowed. en-us Mon, 30 Jun 2025 00:00:00 +0530 Tue, 14 Oct 2025 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774928 ITAT (Amritsar) deleted protective additions under s.69A made against the assessee for unexplained bank deposits linked to alleged purchases, finding the assessee a licensed retail liquor trader whose declared turnover and purchases (reflected in Form 26AS and through HDFC) supported his return. The Tribunal accepted that the disputed account was fraudulently opened by third parties, that the assessee lodged an FIR and pursued legal remedies, and that the AO's inquiry showed proceedings against the alleged perpetrators. On merits, the protective additions were held unjustified and the appeal was allowed. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774928