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Income Tax

₹28.88 Lakh Addition reduced to ₹3.88 Lakh in Demonetization Cash Addition Case

Case Law Details

Case Name
Neha Singh Vs ITO (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
Advertisement Neha Singh Vs ITO (ITAT Delhi) In the case of Neha Singh vs. Income Tax Officer (ITO), the Income Tax Appellate Tribunal (ITAT) Delhi bench has partially allowed an appeal by the assessee concerning cash deposits made during the demonetization period. The Tribunal reduced the disputed addition of Rs. 28,88,000 to Rs. 3,88,000, acknowledging the explanation of accumulated family savings. The case originated from the assessment year 2017-18, where the Assessing Officer (AO) had added Rs. 28,80,000 to Ms. Singh’s income, citing unexplained cash deposits during the demonetiz...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,853

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