NRI couldn’t Prove Source of Cash Deposit during Demonetization: ITAT upholds Addition [Read Order]

NRI - Cash Deposit - Demonetization - ITAT - NRI - taxscan

The Income Tax Appellate Tribunal (ITAT), Bangalore has upheld an addition against a non-resident Indian (assessee)since the assessee was unable to prove the cash deposit during demonetization. The assessee, Ms. Sneha Nerli had filed the return of income declaring an income of Rs.1,50,000. During the relevant year, the department noted that the assessee had deposited…

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Sneha Nerli vs ITO

Counsel for Respondent:   Shri Ganesh R. Ghale

CITATION:   2022 TAXSCAN (ITAT) 507

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