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    <title>2025 (8) TMI 1309 - ITAT HYDERABAD</title>
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    <description>ITAT (Hyderabad) allowed the appeal, deleting additions under s.69A r.w.s.115BBE. The tribunal found transaction reports and reconciliations showed the assessee&#039;s bank account was used for receipts from both the assessee&#039;s and her husband&#039;s Mee Seva business; cash deposits funded payments to APT (assessee&#039;s business) and PayU (husband&#039;s business). On this basis the tribunal accepted the source of deposits as explained and set aside the assessment addition sustained by the CIT(A).</description>
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    <pubDate>Wed, 08 Jan 2025 00:00:00 +0530</pubDate>
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      <title>2025 (8) TMI 1309 - ITAT HYDERABAD</title>
      <link>https://www.taxtmi.com/caselaws?id=777121</link>
      <description>ITAT (Hyderabad) allowed the appeal, deleting additions under s.69A r.w.s.115BBE. The tribunal found transaction reports and reconciliations showed the assessee&#039;s bank account was used for receipts from both the assessee&#039;s and her husband&#039;s Mee Seva business; cash deposits funded payments to APT (assessee&#039;s business) and PayU (husband&#039;s business). On this basis the tribunal accepted the source of deposits as explained and set aside the assessment addition sustained by the CIT(A).</description>
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