Manisha Kamalkar Sadavarte vs. Income Tax Officer

Parties Involved

Facts Summary

The case pertains to the assessment year 2017-18 where the Assessing Officer (AO) brought to tax a sum of Rs. 10,05,000/- as unexplained money under section 69A read with section 115BBE of the Income Tax Act, 1961, in respect of cash deposits and unexplained credits in the bank account maintained by the assessee, Manisha Kamalkar Sadavarte. The assessee, a housewife who provides tuitions and receives management consultancy fees, appealed against this order before the Commissioner of Income Tax (Appeals)-National Faceless Appeal Centre (NFAC), Delhi. The assessee submitted additional evidence during the appellate proceedings to explain the source of the cash deposits, claiming it was from tuition fees and earlier cash withdrawals for construction purposes. Despite this, the CIT (A) confirmed the AO's order. The assessee then appealed to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the addition of Rs. 10,05,000/- made by the AO under section 69A of the Act was justified.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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