Shubira Prasad Vs Income Tax Officer

Parties Involved

Facts Summary

The assessee, Shubira Prasad, appealed against the order of the Addl./JCIT(A)-1, Chennai, dated 24.10.2025, in proceedings under section 143(3) of the Income Tax Act, 1961. The assessee raised a grievance that the lower authorities erred in treating her entire cash deposits of Rs.13,00,000/- during demonetization as unexplained. The assessee, a retired principal and widow of a retired Army officer, argued that the lower authorities failed to consider her accumulated past savings and socio-economic status. However, the assessee did not plead or prove the source of the impugned deposits in the lower appellate proceedings.…

Legal Issues

• 1. Whether the lower authorities erred in treating the assessee's cash deposits during demonetization as unexplained.
• 2. Whether the assessee should be assessed under Section 115BBE.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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