Cash gifts received during wedding cannot be treated as unexplained money u/s. 69A: ITAT Bangalore

Shruthi Kishore Vs ITO (ITAT Bangalore) ITAT Bangalore held that cash gifts received from relatives and friends during wedding cannot be treated as unexplained money u/s. 69A of the Income Tax Act merely because each donor is not individually verified. Accordingly, addition directed to be deleted. Facts- Present appeal is preferred by the assessee. The issue raised by the assessee is that the learned CIT(A) erred in confirming the addition of ₹10 lakhs by the treating the cash deposit as unexplained money under section 69A of the Act and erred in not providing the deduction under section 80T...