Joginder Kaur v. ITO (2024) 231 TTJ 320 / 241 DTR 97 / 38 NYPTTJ 981 (Amritsar)(Trib)

S. 69A : Unexplained money-Cash deposits-Cash withdrawn earlier-Addition is deleted.

 

Assessee having earlier withdrawn large amount of cash from her bank account on various dates as reflected in the bank statement, the contention of the assessee that the same cash has been re-deposited in the bank account has to be accepted in the absence of anything to show that the cash withdrawn from the bank has been invested or utilized elsewhere. Addition is deleted.  (AY. 2010-11)

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