No sec. 69A additions for cash deposits accepted under PMGKY without following principle of natural justice

INCOME TAX : Where AO made addition under section 69A on account of money offered by assessee under PMGKY scheme, 2016, in view of facts that revenue had failed to consider contention of assessee that such amount could not be treated as unexplained money/under section 69A as assessee had availed benefit of PMGKY scheme in accordance of law, and, further, no personal hearing was afforded to assessee, impugned addition was to be set asideINCOME TAX : Where AO made addition under section 69A on account of money offered by assessee under PMGKY scheme, 2016, in view of facts that revenue had failed to consider contention of assessee that such amount could not be treated as unexplained money/under section 69A as assessee had availed benefit of PMGKY scheme in accordance of law, and, further, no personal hearing was afforded to assessee, impugned addition was to be set asidewww.taxmann.com Latest Case LawsRead More

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