Addition towards unexplained cash deposit deleted as satisfactory explanation furnished

Rekha Sanjeev Bhatt Vs  ITO (ITAT Ahmedabad)

ITAT Ahmedabad held that addition towards cash deposit in bank account u/s. 69A as unexplained liable to be deleted since assessee satisfactorily explained the source. Accordingly, addition deleted.

Facts- The present appeal is preferred by assessee. The grievance of the assessee is against various additions made to her income on account of cash deposited in her bank account, as also investments made in immovable property, source of which allegedly remained to be satisfactorily explained by the assessee.

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