NIDHI VERMA,YAMUNA NAGAR vs. INCOME TAX OFFICER, YAMUNA NAGAR

At the outset, the ld. counsel for the assessee has submitted that the assessee is a divorced lady and she was living with her mother and that her father has already died. That the assessee had deposited aforesaid amount in her bank account, which was lying in cash with the assessee, during the demonetization period. That the source of the aforesaid amount was out of the past savings and the cash received from her parents given by them for the subsistence and survival of the assessee. Apart from that, she was also doing tuition work from which her savings were collected.

After hearing the rival submissions of the ld. Representatives of the parties and going through the record, I find that amount of deposit is very small and it is not uncommon that a divorced lady, living with her parents would get some gifts in cash from parents as they would be worried about the future of their daughter. The father of the assessee had already died and it is quite reasonable that there would be small cash lying at her home which was required to be deposited during the demonetization period.

In the result, the appeal of the assessee stands allowed.