Section 69A Addition Deleted: Wife’s Cash Withdrawals Accepted – ITAT Lucknow

Arif Munir Vs ITO (ITAT Lucknow) ITAT Lucknow deletes Section 69A addition: Cash deposit in Bank from wife’s cash withdrawals held explained Lucknow Bench of the ITAT allowed the assessee’s appeal & deleted the Sec 69A addition of ₹2.44 lakhs made on account of cash deposits.  Tribunal found Assessee’s explanation regarding the funds originating from his wife’s earlier bank withdrawals, to be credible & uncontroverted by the Revenue. Assessee, a retired government servant, had deposited ₹2.44 lakhs in a joint HDFC bank account with his wife. He explained that the funds cam...