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2024 (3) TMI 824 - ITAT JODHPURAddition u/s 69A - unexplained money u/s 69A - assessee has failed to furnish explanation/supporting documents in respect of deposit of cash on various dates and credit of amount in bank account - assessee submitted that he has received cash money from father-in-law at the time of marriage and assessee also filed an affidavit submitted the fact that on account of loss incurred in the speculative transaction. He has also sold the jewellery received by him at the time of marriage and various other subsequent functions - he has also filed a detailed list of gift received at the time of marriage and therefore, considering that aspect of the matter and considering the financial crises/shortage of funds he has deposited the cash which is receipt of gold ornaments and the money lying on him supported by the list of gift received at the time of marriage. HELD THAT:- As agreed assessee recently been married and the cash deposit of Rs. 13,85,200/- and credit worth Rs. 14,72,754/- cannot be considered as income of the assessee. Considering all facts and arguments presented before us, we are of the considered view that the addition sustained by the lower authorities is not justified and the same is directed to be deleted. Appeal of the assessee is allowed.
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