Addition of cash deposited in bank account not belonging to assessee is unsustainable

Yaminiben Sandkumar Bhatt Vs DCIT (ITAT Ahmedabad)

ITAT Ahmedabad assessee has duly submitted bank’s certificate disclaiming the existence of such bank accounts belonging to the assessee. Hence, addition of cash deposited on such non-existing bank account unsustainable

Facts-

The assessees pointed out before us that the assessees are related as spouses and the issue involved is inter-linked and co-related addition being made in both the cases on account of cash found deposited in their joint bank accounts.

The assessee stated that primary pleadings and arguments against the additions made was that it tantamounted to duplicate addition since cash deposited related to only one bank account ,each in HDFC Bank and Dena Bank, jointly held in the names of both the assesseess, while the Revenue had held that there was separate bank accounts in relation to which addition of cash found deposited had been made in the hands of both the assessee.

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