Failure to prove source of cash deposit in Canara Bank by assessee and Income Tax department:  ITAT directs AO to Reduce Addition [Read Order]

source of cash deposit - Canara Bank - Income Tax department - ITAT - AO - taxscan

The Income Tax Appellate Tribunal (ITAT), Chennai bench, directed the Assessing Officer to reduce the addition due to the failure to prove the source of the cash deposit made in Canara Bank by the assessee and the income tax department. The assessee, Senniappan Muthulakshmi, had not filed her return of income for the assessment year…

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