Mosarrat Perween vs ITO, Ward-61(4), Kolkata
Case No: ITA No.662/Kol/2024
Court: Income Tax Appellate Tribunal, Kolkata Benches
Date: 1/23/2025
Parties Involved
appellantMosarrat Perween
respondentITO, Ward-61(4), Kolkata
Facts Summary
The assessee, Mosarrat Perween, is a Government Teacher earning salary and interest income. For the Assessment Year 2017-18, she declared an income of Rs.5,82,530/-. Her case was selected for scrutiny due to cash deposits made during the demonetization period. The Assessing Officer (AO) noticed a cash deposit of Rs.15.00 lakh in her bank account and issued notices to explain the source. The assessee did not comply with the notices. The AO concluded that the assessee did not have sufficient cash …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the authorities below were justified in confirming the addition of cash deposit of Rs.15.00 lakh.