Addition deleted for Cash Deposits during demonetization out of withdrawals for Daughter’s Marriage –

Harjeet Kaur Vs ITO (ITAT Delhi)

Admittedly, the assessee had deposited cash in her bank accounts during the demonetization period. However, before the Assessing Officer, the assessee had explained that such deposits were out of cash withdrawals made earlier by her for the purpose of her daughter’s marriage. The Assessing Officer has partly accepted assessee’s contention on the reasoning that the entire cash deposited in the bank account could not have been available with the assessee, as, she must have utilized a major

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