Unexplained Income Under Section 69A ITAT

AO Cannot Sit in the Armchair of a Businessman and Question Prudence of Business Decisions: ITAT The Income Tax Appellate Tribunal (ITAT), Ahmedabad, deleted the Rs 32.90 lakh addition made towards the cash deposits, observing that the cash deposits made during the demonetization period were properly explained and could not be treated as unexplained income under…