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Section 68 Cannot Apply to Household Support from Husband: ITAT Hyderabad
Case Law Details
- Case Name
- Deepali Kapoor Vs ITO (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All ITAT, ITAT Hyderabad
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Deepali Kapoor Vs ITO (ITAT Hyderabad)
Section 68 Cannot Apply to Household Support from Husband; Second Credit Explanation Contradictory—₹8.49 Lakh Deleted, ₹17.80 Lakh Remanded
The Assessee filed return for AY 2022-23 declaring NIL income. During scrutiny, AO noticed ₹2.80 crore credited in her capital account. The Assessee stated it was received from her husband. On verification, AO found only ₹2,62,20,000 actually received, leaving an unverified difference of ₹17,80,000, which was added as unexplained cash credit u/s 68. AO also added ₹8,49,650 received from husband towards h...
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