ITA No.768/Chny/2024 (AY 2012-13) Sidhan Sivabakiyam

Parties Involved

Facts Summary

The assessee, a retired teacher, did not file a return of income for the Assessment Year 2012-13, claiming no income exceeding the taxable limit. The Assessing Officer (AO) added ₹26,51,100/- based on a cash deposit in her savings bank account. The Commissioner of Income Tax (Appeals) reduced the addition to ₹14,81,100/-. The assessee appealed to the Income Tax Appellate Tribunal, which found that the assessee had additional funds from her son and brothers, totaling ₹26,45,000/-, explaining the cash deposit.…

Legal Issues

• 1. Whether the addition made by the AO was justified?
• 2. Whether the reduction by the Commissioner of Income Tax (Appeals) was appropriate?

Judgment Outcome

Decided in favour of Assessee.

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