No addition can be made on Cash Deposited to Bank Account from Husband’s Savings for pay of Bank Loan: ITAT [Read Order]

Cash - Deposited - Bank - Account - Husband's - Savings - pay - Bank – Loan – ITAT – TAXSCAN

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that addition could not be made on cash deposited to the bank account from husband’s savings for payment of bank loan. The assessee, Ramesh Rani Chatwal filed the appeal before the tribunal against the order of Commissioner of Income Tax Appeal {CIT(A)} for the…

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