ITAT Raipur Deletes Sec 69A Addition; Joint A/c Cash Not Taxable in Wife’s Hands if Husband Owns It

Trupti Shukla Vs ITO (ITAT Raipur) ITAT Raipur Deletes Sec 69A Addition – Cash Deposits in Joint Account Cannot Be Taxed in Wife’s Hands When Husband Owns the Money In Trupti Shukla vs ITO (AY 2017-18), the ITAT Raipur allowed the assessee’s appeal and deleted addition of ₹52.24 lakh made u/s 69A r.w.s. 115BBE on cash deposits in a joint bank account. The assessee, a school teacher, explained that deposits were made by her husband — a separate taxpayer — from business receipts and past savings, and supporting declarations, ITRs and bank statements were furnished  The Tribunal ...