Cash found in Locker belongs to Mother of Assessee: ITAT deletes Income Tax Addition on Unexplained Cash [Read Order]

Cash - found - Assessee - ITAT - Income - Tax - Unexplained - Cash - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), New Delhi deleted addition on unexplained cash on the cash found in locker belongs to mother of assessee, Komal Nagpal. The core issue in this case revolves around the taxability of Rs. 11,97,500 of cash found in the locker No. 109 with ICICI Bank, New Delhi. During the course…

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