Documentary evidences to prove cash deposit due to family settlement to be submitted: Matter restored

Fehmida Begum Vs ITO (ITAT Hyderabad)

ITAT Hyderabad held that cash deposit on account of family settlement needs to be proved with documentary evidences like family settlement deed or relinquishment of property right etc. Matter restored with direction to assessee to submit relevant proof.

Facts- Based on information regarding substantial cash deposits during the demonetisation period, AO issued notices to the assessee u/s. 142(1) of the Act on 31.01.2018 and 23.07.2019, but the assessee did not respond. Since no explanation was filed, the entire credit of

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