Genuine Loans from Close Relatives Cannot Be Doubted: ITAT Chandigarh Deletes Addition  

Smt. Savita Dalal Vs ITO (ITAT Chandigarh)

Assessee did not originally file return. Notice u/s 148 was issued after the Department noticed high-value bank transactions of ₹54.89 lakh in her HDFC Bank account. In response, assessee filed return declaring income of ₹9.78 lakh. AO noted certain cash/credit entries & made addition of ₹8.70 lakh, treating them as unexplained. CIT(A) upheld the addition.

Tribunal’s Observations

Loan from Sister-in-law:

• Assessee had taken ₹4 lakh from her bhabhi, Smt. Suman Gehlot, who had filed return showi

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