Addition u/s 69A sustainable for not providing satisfactory explanation of source of heavy denomination cash gifts

Smt. Karina Kunjana Kapoor Vs DCIT (ITAT Delhi)

Addition u/s 69A sustainable for not providing satisfactory explanation of source of heavy denomination cash gifts

ITAT Delhi held that addition under section 69A of the Income Tax Act sustainable on failure to provide reasonable explanation of the sources and justification of heavy denomination cash gifts.

Facts- During the year under consideration the assessee deposited cash total amounting to Rs. 3,50,000/- around in her bank a

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