2025 (3) TMI 2155

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....A.Y. 2017-18. 2. In the instant case, the Assessee had declared total income at Rs. 2,40,380/- after claiming deduction of Rs. 10,000/- under chapter VIA of the Act, by filing her return of income on dated 29.03.2018 which was processed u/s 143(1) of the Act. 3. Subsequently, the case of the Assessee was selected for limited scrutiny under Computer Assisted Scrutiny Selection i.e. CASS to verify cash deposits made during demonetisation period. As per the ITBA system, the Assessee had deposited the amount of Rs. 7,13,000/- in her bank accounts maintained with Bassein Catholic Co-Op Bank Ltd. and Bank of India and therefore in order to verify the transactions made by the Assessee, statutory notices were issued to the Assessee and the in....

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.... Assessee has deposited cash to the tune of Rs. 10,63,000/- during demonetisation period, however, failed to substantiate the transactions held, by furnishing supporting documentary evidence as called for. Thus, the AO inferred "that the Assessee had undisclosed cash in her possession, which she deposited during demonetization period and as such, the amount of Rs. 10,63,000/- is remained unexplained in the hands of the Assessee" and ultimately added the said amount in the income of the Assessee u/s 69A r.w.s. 115BBE of the Act. 5. The Assessee, being aggrieved, challenged the said addition before the Ld. Commissioner and has claimed that she had worked as a house cleaner, baby sitter and care taker for the last 40 years and during the de....