Champaben G Bhanderi vs. Income Tax Officer-Ward-2(10), Jamnagar

Parties Involved

Facts Summary

The assessee, Champaben Gordhanbhai Bhandari, deposited Rs.10,30,000/- in her bank account during the demonetization period. The Assessing Officer treated this deposit as unexplained cash credit under section 69A of the Income-tax Act, 1961, and added it to the assessee's total income. On appeal, the Commissioner of Income Tax (Appeals) deleted Rs.2,80,000/- from the addition, confirming Rs.7,50,000/-. The assessee further appealed to the Income Tax Appellate Tribunal, arguing that the deposit was partly from agricultural income and partly from funds withdrawn for her daughter's marriage. The Tribunal found that the assessee had sufficient evidence to explain the deposit and deleted the addition.…

Legal Issues

• 1. Whether the addition of Rs.7,50,000/- made by the Assessing Officer is justified?
• 2. Whether the assessee has sufficient evidence to explain the deposit?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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