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2020 (6) TMI 336
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....against the order of ld. CIT(A)-1, Bhopal dated 26.03.2019 pertaining to Assessment year 2013-14. The assessee has raised following grounds of appeal: 1."That the Ld. lower authorities have erred in not appreciating the fact that the cash deposit in joint bank account was part of assessee's wife's business receipts, even when documentary evidences were produced and explained. 2. ....
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....ssessee and his wife is deposited in this saving account and his wife is at liberty to withdraw or deposit from her bank as per her requirement. Therefore, it is wrong to assume that the assessee is sole owner of funds in the said bank account. But the AO did not agree with the submission of the assessee and made the addition of Rs. 1,00,000/-. Against this the assessee approached the Ld. CIT(A) w....
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....he assessee also submitted that his wife is a taxpayer having source of income from Coaching Institute, rental income and bank interest and regularly files income tax return. Copy of ITR, Balance sheet and profit and loss account was also filed. The assessee also explained that rental income of the assessee and his wife is deposited in this saving account and his wife is at liberty to withdraw ....