Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once He attained Majority: ITAT [Read Order]

Father - Cash Deposit - Bank Account - Son - ITAT - taxscan

The Pune bench of the Income Tax Appellate Tribunal (ITAT), while deleting an addition for cash deposit, has held that the clubbing of income under the provisions of the Income Tax Act, 1961 is possible in the case of minor children only. The assessee, Mr. Shri Vijay Vasantrao Mahadik has opened a bank account in…

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