Cash withdrawal from bank can’t be taxed u/s 69C as unexplained expenditure – ITAT
August 25, 2026
Income Tax, ITAT
Merely because assessee did not explain purpose of cash withdrawal from bank, it can not be taxed u/s 69C as unexplained expenditure In a recent judgment, ITAT has deleted addition u/s 69C holding that an amount withdrawn from the bank account of the assessee, the source of which …