ITAT Deletes Addition: Cash Deposit from Late Spouse’s Past Savings

Ramesh Rani Chatwal Vs ITO (ITAT Delhi)

Introduction: The Ramesh Rani Chatwal vs ITO case ruled by ITAT Delhi is a significant judgment dealing with additions to income from unexplained investments. In this case, the ITAT upheld the right of an individual to use personal savings, including those from a late spouse, for the repayment of a bank loan, and dismissed the claim that such actions constitute unexplained investment.

Analysis: Ramesh Rani Chatwal, a

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