ITAT Ahmedabad Restores Cash Deposit Addition to AO – Joint a/c with Agriculturist Father Considered

Darshnaben Pinkalkumar Patel Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad Restores Cash Deposit Addition to AO – Joint a/c with Agriculturist Father Considered The case arose from information received that Assessee had deposited Rs. 10 lakhs in her savings bank a/c though no return was filed for the year. AO initiated reassessment u/s 147 & in absence of compliance, completed assessment ex parte u/s 144, treating entire deposits as unexplained income u/s 69. On appeal, CIT(A) upheld addition noting that Assessee had failed to produce documentary evidence to support her claim that deposits were...