Addition on account of cash deposit without disproving cash flow statement is invalid

Smt. Perminder Kaur Matharoo Vs ITO (ITAT Delhi)

ITAT held that Once cash flow statement is not controverted by the Assessing Officer as well as the ld. CIT[A], the addition of such cash deposit is not valid

FULL TEXT OF THE ORDER OF ITAT DELHI

This appeal by the assessee is preferred against the order dated 26.05.2021 framed by the National Faceless Appeal Centre FAC] pertaining to A.Y. 2017-18.

2. Since Ground No. 1 has not been pressed by the ld. counsel for the assessee, the solitary grievance of the assessee revolves around the addition of Rs. 7,65,000/– sustained by the NFAC against total addition of Rs.11,90,179/–.

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