This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Addition Deleted Because Ownership of Cash Cannot Be Presumed on Suspicion
Case Law Details
- Case Name
- Jagir Kaur Vs ITO (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Chandigarh
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Jagir Kaur Vs ITO (ITAT Chandigarh)
Ownership of Money cannot be presumed on Suspicion or Conjecture- Affidavits Unrebutted—ITAT Deletes Addition u/s 69-
Assessee filed return for AY 2013-14 declaring Rs.7,12,110/-. Case was reopened u/s 147 on the basis of cash deposits of Rs.13,85,349/- in a joint SBI account with her daughter. AO issued notice u/s 148 on 20.02.2020, & after considering replies & non-submission of documentary proof for agricultural activity, treated cash deposits of Rs.12,00,000/- as unexplained investment u/s 69. Assessed income was determined at Rs.19,12,110/- &...
Author Info
