Amount received as consequence of divorce cannot be held as unexplained cash credit u/s 68

Sarita Konda Vs PCIT (ITAT Raipur) ITAT Raipur held that amount received as a consequence of divorce from the ex-husband could not be held as an unexplained cash credit u/s.68 of the Act, and accordingly cannot be brought to tax u/s.115BBE of the Act. Facts- During assessment proceeding, AO made additions of (i) addition of amount received by the assessee over the year in consequence to divorce from her ex-husband : Rs.16,31,000/- ; and (ii) amount received towards death claim of her ex- husband : Rs.15,02,867/-. Thereafter, on a perusal of the record, the Pr. CIT was of the view that the A.O ...