We are fourth generation Army officers family. My grandfather took out an amount of Rs.Fifteen lakh and sixty thousand only from his SBI pension account between Jan 2016 and Oct 2016 for the repair and renovation of his house.
\nThe repair work could not be done due to heavy rainfall in Dehradun and Demonetisation.
\nDue to demonetisation he redeposited an amount of Rs. Ten lakh and thirty thousand of the withdrawn amount.
\nDemand of Rs. Eight lakh was made by AO on 24 Dec 2019.
\nMy grandfather passed away on 26 Dec 2019.
\nAs I am legal representative but not legal heir I could not appeal to CIT A.
\nOur appeal to PCIT u\/ s 264 was rejected . Our explanation was termed as ” incredulous”.
\n My question is can I appeal to ITAT.
\nAs going to High court is very costly for salaried class.
\nIf nothing good will come out of fighting the case.
\nThen can we go for V se V now to save 2 lakhs atleast of penalty and interest.
\n Thank you
\nHoping for advice<\/p>\n","protected":false},"excerpt":{"rendered":"
We are fourth generation Army officers family. My grandfather took out an amount of Rs.Fifteen lakh and sixty thousand only from his SBI pension account between Jan 2016 and Oct 2016 for the repair and renovation of his house. The repair work could not be done due to heavy rainfall in Dehradun and Demonetisation. Due to demonetisation he redeposited an amount of Rs. Ten lakh and thirty thousand of the withdrawn amount. Demand of Rs. Eight lakh was made by AO on 24 Dec 2019. My grandfather passed away on 26 Dec 2019. As I am legal representative but not legal heir I could not appeal to CIT A. Our appeal to PCIT u\/ s 264 was rejected . Our explanation was termed as ” incredulous”. My question is can I appeal to ITAT. As going to High court is very costly for salaried class. If nothing good will come out of fighting the case. Then can we go for V se V now to save 2 lakhs atleast of penalty and interest. Thank you Hoping for advice<\/p>\n