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No additions for cash deposit duly explained with cash flow statement
Case Law Details
- Case Name
- Smt. Renukaben Umedsinh Parmar Vs ITO (ITAT Surat)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Surat
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Smt. Renukaben Umedsinh Parmar Vs ITO (ITAT Surat)
The assessing officer made addition by taking his view that assessee is a Government Employee and was maintaining bank account and that a person who is maintaining bank account will not keep such huge cash in hand which is abnormal. The ld.CIT(A) concurred with the finding of assessing officer without giving any specific reasoning. We have noted that assessee has filed sufficient documentary which includes the cash flow statement for relevant previous year, copies of Income Tax Return, computation of her and her husband from A.Y. 2006-07 to A....
