No Addition for Cash Deposits by second account holder in Joint bank account

Devender Vs ITO (ITAT Delhi) This article discusses an ITAT appeal filed by the assessee against the order of the Commissioner of Income-tax (Appeals). The appeal challenges the addition of cash deposits in a joint bank account by a second account holder, treating it as unexplained money from undisclosed sources. Analysis: The appeal revolves around a joint bank account held by the assessee and another individual. The primary account holder received cash deposits totaling Rs. 1,07,81,000 during the assessment year 2013-14. The tax authorities sought an explanation for the source of these depos...