No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]

By Aparna. M - On July 22, 2023 8:30 pm - 2 mins read

Cash - Deposited - Joint - Bank - Account - Second - Account - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) of Delhi Bench ruled that no addition should be made on behalf of the assessee in respect of cash deposited in a joint bank account by the second account holder. The assessee Devender is a farmer he is not earning any income except income from savings bank account and…

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Topics

Bank Account Cash deposited CIT(A)Commissioner of Income Tax (Appeals)Delhi Bench Income Tax Appellate Tribunal ITAT Judicial Member Madhumita Roy