Case Law Details
Case Name : jaya Aggarwal Vs Income Tax Office (Delhi High Court)
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All High Courts Delhi High Court
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Jaya Aggarwal Vs ITO (Delhi High Court)
The Assessing Officer noticed and had asked the appellant to explain source of deposit of Rs. 1,60,000/- in cash in her bank account on 13th January, 1998. The appellant had explained that she had withdrawn Rs. 2 lakhs in cash from her bank account on 2nd May, 1997 and cash deposit of Rs. 1,60,000/- was from the amount withdrawn. This withdrawal was to buy property for which earnest money in cash was to be paid. As the deal could not be finalized and Rs. 1.60.000
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