Cash deposit in Joint account with other relatives: ITAT deletes addition

Sakina Ahmedali Kantavala Vs ITO (ITAT Ahmedabad) The case of Sakina Ahmedali Kantavala vs. Income Tax Officer (ITO) revolves around the assessment made under section 144 of the Income Tax Act, 1961 (the Act) for the Assessment Year (AY) 2017-2018. Sakina Ahmedali Kantavala, the appellant, challenged the assessment order which added Rs. 20,01,006 under section 69A of the Act as unexplained money deposited in bank accounts during the demonetization period. The appellant contended that the deposits were from joint accounts shared with family members and were sourced from savings accumulated over...