Ms. Sarada Devi Maddi vs. The Income Tax Officer, Ward – 1, Warangal

Parties Involved

Facts Summary

The assessee, Ms. Sarada Devi Maddi, filed her original return of income on 31.03.2018 admitting total income of Rs.16,97,870/- and a revised return on 06.06.2019 admitting total income of Rs.19,79,400/-. The return was selected for scrutiny under CASS, and notices under section 143(2) of the Income Tax Act, 1961 were issued on 14.08.2018. The Assessing Officer completed the assessment on 14.12.2019, making an addition of Rs.1,29,48,084/- under section 68 of the Act due to non-submission of required documents to prove the source of cash deposited in her bank accounts. The assessee filed an appeal before the Commissioner of Income Tax (Appeals), which was upheld due to the non-submission of required documents. The assessee is now in appeal before the Income Tax Appellate Tribunal, arguing that the cash was deposited from the sale proceeds of gold, but she could not provide the necessary documents due to the sudden death of her husband. The assessee is now ready to produce all necessary documents.…

Legal Issues

• 1. Whether the assessee should be given a fresh opportunity to produce the necessary documents to justify the source of cash deposited in her bank account?

Judgment Outcome

Decided in favour of Assessee.

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