Unregistered will not deemed fabricated, acceptable as registration is not mandatory: ITAT Chennai

Shri Kolandasamy Vs ITO (ITAT Chennai) ITAT Chennai held that cash received under unregistered will accepted as will furnished by the assessee not established as fabricated one by the department and there is no requirement in law to get the will registered. Accordingly, addition u/s. 69 towards cash deposited set aside. Facts- The assessee’s case was reopened and notice u/s 148 was issued on 12-03-2019. The cash deposit of Rs.15.50 Lacs was added u/s 69A whereas the agricultural income of Rs.9.37 Lacs was brought to tax as ‘income from other sources’. The capital gains of Rs.0.41 Lacs we...