https://www.taxtmi.com/caselaws?id=467119 Addition of Rs. 1,13,96,000 treated as unexplained money under provision 69A cannot be sustained where the disputed cash receipts were recorded in audited books of account, the books were not rejected and no adverse finding was made as to their falsity; the tribunal held that treating recorded receipts as unexplained would amount to double taxation and that section 69A can be applied only after discrediting the books of account, resulting in deletion of the addition and dismissal of the revenue appeal with taxation under the special rate provision likewise set aside. en-us Fri, 17 Jan 2025 00:00:00 +0530 Fri, 06 Mar 2026 20:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467119 Addition of Rs. 1,13,96,000 treated as unexplained money under provision 69A cannot be sustained where the disputed cash receipts were recorded in audited books of account, the books were not rejected and no adverse finding was made as to their falsity; the tribunal held that treating recorded receipts as unexplained would amount to double taxation and that section 69A can be applied only after discrediting the books of account, resulting in deletion of the addition and dismissal of the revenue appeal with taxation under the special rate provision likewise set aside. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467119