No section 69 addition for Cash Deposit in Bank as POA holder for Sale of Property of Father

Kum. Kavitha R Vs. ITO (ITAT Bangalore) The issue under consideration is whether the addition u/s 69 for Cash deposited in assessee’s bank account being Power of Attorney holder for sale of property belong to her father is justified in law? ITAT state that, the basic undisputed facts are that in the year under consideration the assessee was a student and therefore she had no independent source of income. The fact that the sale of the said immovable property was done by the assessee’s father and that the assessee is only a GPA holder is borne out from the recitals in the sale deed and is no...