Section 69A Cannot Be Invoked on Explained Cash Re-Deposits: ITAT Clarifies Law In an important ruling reinforcing the correct scope of deeming provisions, the Tribunal in Pradeep Patni vs ITO (ITA No. 687/Ind/2025) has held that Section 69A applies only when unexplained money is found with the assessee and not when deposits are duly explained. The decision…
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