https://www.taxtmi.com/caselaws?id=780757 ITAT held that additions under s.69A were unsustainable where the cash received was recorded as cash sales in the assessee's books and no unexplained acquisition of money, bullion or jewellery was shown. The tribunal found invocation of s.69A to be a misinterpretation and that sustaining the addition would cause impermissible double taxation of the same sales. The appellate order was set aside, the assessing officer was directed to delete the addition, and the assessee's appeal was allowed. en-us Mon, 27 Oct 2025 00:00:00 +0530 Wed, 05 Nov 2025 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780757 ITAT held that additions under s.69A were unsustainable where the cash received was recorded as cash sales in the assessee's books and no unexplained acquisition of money, bullion or jewellery was shown. The tribunal found invocation of s.69A to be a misinterpretation and that sustaining the addition would cause impermissible double taxation of the same sales. The appellate order was set aside, the assessing officer was directed to delete the addition, and the assessee's appeal was allowed. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780757