Cash deposit against Sum received from mother-in-law – ITAT directs re-adjudication

Pawanveer Singh Vs ITO (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT) of Delhi recently delivered a crucial order in the Pawanveer Singh vs Income Tax Officer (ITO) case. This case pertains to the assessment year 2012-13 and concerns the taxation on a sum received from a mother-in-law as part of a court settlement. After the addition of INR 12,00,000 to the appellant’s income by the Assessing Officer (AO) and the subsequent approval by the Commissioner of Income Tax (Appeals), the appellant filed an appeal to the ITAT. The ITAT has now called for a fresh adjudication of the matter...