Case Law Details
Hardeep Kaur Vs ITO (ITAT Lucknow)
No Addition of Cash Deposit During Demonetisation Period under section 69A If Cash Deposit Is Part of Receipts Shown on Presumptive Basis and When the Part of Cash Deposit in Pre Demonetisation-Period Was Accepted.
The nature of business run by the assessee is transport business and agricultural income and in both businesses, there is a pre dominant role of cash. Moreover, I find that the assessee’s husband is also old income tax payee like the assessee which fact is verifiable from pages 47 to 49 of the paper book where the copies of returns of income of her husband are placed. The assessee has been declaring her income on presumptive basis every year and therefore, there is no justification in the action of learned CIT(A) by which he has upheld the addition. In view of the above, the addition sustained by learned CIT(A) is deleted and the appeal of the assessee is allowed.
FULL TEXT OF THE ORDER OF ITAT LUCKNOW
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