No addition on mere doubt – Cash deposit against cash accumulated from declared income

Chander Lekha Vashishtha Vs ITO (ITAT Delhi)

ITAT Delhi allows senior citizen’s appeal against Rs. 9 lakh addition under Section 69A. Assessing Officer failed to prove misuse of accumulated cash. Read the full order.

Background: The appellant, a senior citizen lady aged 67 years, filed her return of income for the assessment year 2017-18. The Assessing Officer (AO) made an addition of Rs. 12,07,000 under section 69A of the Income Tax Act, 1961, alleging that the cash

Please become a Premium member. If you are already a Premium member, login here to access the full content.