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2023 (10) TMI 976 - ITAT DELHIAddition u/s 69A - Unexplained cash - assessee had sufficient accumulated cash in hand which was deposited during demonetization period to her bank account - HELD THAT:- Merely, because the assessee was holding big amount of cash in her hand, the accumulation of cash from declared income, cash rental and salary income cannot be disbelieved unless the AO establishes that the assessee had used the amount of the income accrued to her during earlier period, for some other purposes and there was no cash in hand at the time when the cash by deposited to her bank account. It is pertinent to mention that in the cash flow the assessee has also shown household expenses for her livelihood even in a situation when she is living with her family. Accordingly, have no hesitation to hold that the AO was not correct in making addition u/s. 69A and CIT(A) was also not justified in upholding the addition to the extent of Rs. 9 lakh ignoring the entire facts and circumstances, cash flow statement and income shown and returned by the assessee during immediately preceding seven years and for present AY 2017-18. Assessee appeal allowed.
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