Unexplained money u/s 69A of the Income Tax Act

Last updated: 22 September 2021
Quick Summary
This Income Tax Appellate Tribunal case concerns an individual who deposited £10,000 during the demonetisation period. The assessee, a retired Dy. Director, failed to file an income tax return, leading to a notice under Section 142(1). The tribunal partly allowed the assessee's appeal, specifically addressing the calculation of interest under Section 234A, ruling that it should be calculated from the due date specified in the Section 142(1) notice, not the original due date under Section 139(1).

Court :
ITAT Hyderabad

Brief :
This is assessee’s appeal for A.Y. 2017-18 against the order of CIT(Appeals)-4, Hyderabad dated 30.07.2020.

Citation :
ITA No. 524/Hyd./2020

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Poojitha Raam Vinay
Published in Income Tax
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