Summary
- The ITAT Pune has allowed Surekha Subhash Parve’s appeal, directing the deletion of a ₹60 lakh addition under Section 69A of the Income-tax Act for the assessment year 2016-17.
- The case centered on cash deposits in her bank account, which she claimed were gifts from her deceased husband, who passed away on March 17, 2023.
- The Tribunal found that the assessee provided sufficient evidence to establish the source of funds, including affidavits from her and her daughters.
- This ruling emphasizes judicial discretion in tax assessments and may influence how similar cases involving gifts and deceased donors are handled in the future.
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