AdvertisementSonam Vs ITO (ITAT Delhi) Delhi ITAT Infers On-Money from Cash Deposit Preceding Registered Sale, Grants Partial Relief by Recognising Household Income and Cash Flow The Delhi ITAT partly allowed the assessee’s appeal in a reassessment involving cash deposits of ₹15.09 lakh in a bank account. The assessee, a vegetable vendor, contended that the deposits were sourced from business income, cash withdrawals, inter-bank transfers with her husband, and sale proceeds of a plot. The Tribunal rejected the challenge to the validity of the reassessment, holding that the notices issued to the add...