No Unexplained Cash Addition Under Section 69A When Income Declared Under Presumptive Taxation
No Unexplained Cash Addition Under Section 69A When Income Declared Under Presumptive Taxation : ITAT Summary : The ITAT Mumbai held that when an assessee declares income under the presumptive taxation scheme, Section 69A cannot be used to treat cash deposits as unexplained income, especially when there is no evidence of income from any other… Read More »