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TMI Blog2020 (7) TMI 491X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee from Syndicate Bank Account. It is equally true that there is nothing on record to suggest that these withdrawals were utilised by the assessee or her husband (during his life time) for some other purposes. These documentary evidences need to be examined. - Matter remanded back to AO. - ITA No. 9061/DEL/2019 - - - Dated:- 3-6-2020 - Shri N.K. Billaiya, Accountant Member, And Ms. Suc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sked to explain the source of cash deposit in the HDFC Bank A/c. 4. In her reply, the assessee stated that after the demise of her husband and while searching for some documents, the assessee found the cash stashed in the almirah. The assessee immediately deposited the cash in the bank account and utilised the same for repayment of loan taken from Syndicate bank to avoid recovery proceedings fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he assessee drew our attention to the details of cash withdrawals and deposits in the Syndicate bank account. The ld. counsel for the assessee further drew our attention to the bank statement of Syndicate bank which are exhibited at pages 12 to 26 of the paper book. 9. It is the say of the ld. counsel for the assessee that sufficient cash was available with the assessee for making the impugned ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ither the Assessing Officer nor the first appellate authority has made any comment on the sufficient cash withdrawals made by the husband of the assessee from Syndicate Bank Account. It is equally true that there is nothing on record to suggest that these withdrawals were utilised by the assessee or her husband (during his life time) for some other purposes. 12. In our considered opinion, these ..... X X X X Extracts X X X X X X X X Extracts X X X X
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