Income Tax addition based on mere doubt and suspicion not sustainable

Narender Kumar Vs ITO (ITAT Delhi)

Undisputedly, in course of assessment proceeding, the assessee had explained the source of cash deposits in the bank account by stating that it was out of gift received from his grand-father Shri Phool Singh. The Assessing Officer, however, has rejected assessee’s claim as the notice issued under Section 133(6) of the Act to Shri Phool Singh did not evoke any response. However, it is a fact on record, in support of his claim that the cash deposits were made out of gift received from the grand­father, the assessee ha

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