ITAT Deletes Additions on Cash Deposits and Property Investment After Assessee Successfully Explains Source of Funds:

ITAT Deletes Additions on Cash Deposits and Property Investment After Assessee Successfully Explains Source of Funds

The ITAT Delhi observed that the AO failed to appreciate the evidence proving that the deposits originated from cash received from the assessee's children, her own bank withdrawals and proceeds of matured fixed deposits.

ITAT Deleted Addition of Rs 18.74 lakh and of Rs 31.78 lakh

authorSaimadateJul 10, 2026
Last update on Jul 9, 2026
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ITAT Deletes Additions on Cash Deposits and Property Investment After Assessee Successfully Explains Source of Funds

The ITAT Delhi observed that the AO failed to appreciate the evidence proving that the deposits originated from cash received from the assessee's children, her own bank withdrawals and proceeds of matured fixed deposits.

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Saima

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Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
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