Husband and wife sell property; Income Tax dept alleges Rs 3.30 crore sale against Rs 1.60 crore in deed, cites WhatsApp chats, Excel sheets to claim Rs 1.70 crore cash receipts, but ITAT gives relief
The AO treated the alleged amount as undisclosed cash receipts and made an addition under Section 69A. (Image for representative purpose only) Property related transactions can sometimes be complicated. Recording the same in your income tax return is equally important. But what if the Income Tax Department sends you a notice for unexplained cash receipts,…
