Faceless AO Ignored Evidence of Family Funding – Tribunal Restores Justice for Homemaker

Neeta Chaudhary Vs ITO (ITAT Bangalore)

Faceless AO Ignored Evidence of Family Funding – Tribunal Restores Justice for Homemaker- Addition u/s 69A for Unexplained Investment Deleted – Proof of Source from Son’s Bank Account Ignored by AO & CIT(A)

Assessee, an individual homemaker, had not filed her return for AY 2016-17. AO noticed that she purchased a residential flat worth ₹70.64 lakh during FY 2015-16. On enquiry u/s 133(6), the seller confirmed receipt of payments by cheques & TDS of ₹70,600 was deducted. Since Assessee failed to satisfactorily explain

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