Widow wins ITAT Pune case over Rs 60 lakh cash deposit notice
In short
Ms Parve got an income tax notice over an alleged Rs 60 lakh unexplained cash deposit, and she won her case in ITAT Pune. Her lawyer said she was a housewife with no independent income and filed documents to support that.
This matters because it shows how tax notices can be challenged with records and affidavits. The reporting does not say the full tribunal reasoning or the final tax amount.
What the reporting says
Ms Parve fought an income tax notice over an alleged Rs 60 lakh unexplained cash deposit and won in ITAT Pune, according to the reporting. Her counsel argued she was a housewife with no independent income and submitted Form 26AS, an affidavit, her husband’s death certificate, a computation sheet, and bank statements from 24.08.2015 to 30.09.2015. The available summary does not state the tribunal’s full reasoning or the final tax effect.
Why it matters
Ms Parve won her case in ITAT Pune after contesting an income tax notice over an alleged Rs 60 lakh unexplained cash deposit. Her counsel argued she had no independent income and produced Form 26AS, an affidavit, her husband’s death certificate, a computation sheet, and bank statements covering 24.08.2015 to 30.09.2015. The available reporting does not state the full legal reasoning or exact tax consequence.