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Medical Emergency Withdrawal Justified Demonetisation Cash Deposits – ITAT Deletes Addition
Case Law Details
- Case Name
- Arvind Kumar Rungta Vs ITO (ITAT Patna)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Patna
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Arvind Kumar Rungta Vs ITO (ITAT Patna)
Cash Deposits During Demonetisation Explained by Prior Withdrawal for Medical Emergency — ITAT Deletes ₹8 Lakh Addition
The Patna Bench of the ITAT condoned a delay of 409 days in filing the appeal, holding the reasons to be bona fide, and proceeded to decide the matter on merits. The case involved addition of ₹8 lakh under section 69A on account of alleged unexplained cash deposits made during the demonetisation period.
The assessee, a salaried employee with no other source of income, had withdrawn ₹9 lakh in April 2016 for a proposed heart surg...
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