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Section 69A Addition Deleted: Wife’s Cash Withdrawals Accepted – ITAT Lucknow
Case Law Details
- Case Name
- Arif Munir Vs ITO (ITAT Lucknow)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Lucknow
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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...
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