TARA CHAND BOPPANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

unexplained money u/s 69A of the Act and brought to tax in terms of Section 115BBE of the Act, even though the source of purchase of jewellery has been explained by the assessee. It is well established principle of law by various decisions that provision of Section 69A of the Act cannot be applied once the nature and source

KAVYA BOPPANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD