Section 68 Cannot Apply to Household Support from Husband: ITAT Hyderabad

Deepali Kapoor Vs ITO (ITAT Hyderabad) Section 68 Cannot Apply to Household Support from Husband; Second Credit Explanation Contradictory—₹8.49 Lakh Deleted, ₹17.80 Lakh Remanded The Assessee filed return for AY 2022-23 declaring NIL income. During scrutiny, AO noticed ₹2.80 crore credited in her capital account. The Assessee stated it was received from her husband. On verification, AO found only ₹2,62,20,000 actually received, leaving an unverified difference of ₹17,80,000, which was added as unexplained cash credit u/s 68. AO also added ₹8,49,650 received from husband towards h...