No Addition Due to PAN Linkage—Cash Deposits in Trust’s Bank Account Can’t Be Taxed in Individual’s Hands Without Proof of Ownership: ITAT

HomeDirect TaxNo Addition Due to PAN Linkage—Cash Deposits in Trust’s Bank Account Can’t...

No Addition Due to PAN Linkage—Cash Deposits in Trust’s Bank Account Can’t Be Taxed in Individual’s Hands Without Proof of Ownership: ITAT

Direct Tax

Published on

01/05/2026

By Mariya Paliwala

No Addition Due to PAN Linkage—Cash Deposits in Trust’s Bank Account Can’t Be Taxed in Individual’s Hands Without Proof of Ownership: ITAT

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that mere linkage of a Permanent Account Number (PAN) with a bank account and acting as an authorized signatory cannot justify addition under Section 68 of the Income-tax Act in the absence of evidence establishing ownership of funds. The bench of Raj Kumar…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Mariya Paliwala https://www.jurishour.in/

Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

No Addition Due to PAN Linkage—Cash Deposits in Trust’s Bank Account Can’t Be Taxed in Individual’s Hands Without Proof of Ownership: ITAT

Membership Required

Latest articles

CBI-DRI Joint Operation Busts Interstate Wildlife Trafficking Syndicate; 53 Protected Animals Rescued, Six Arrested

Loose Digital Files, 3rd Party Excel Sheets Can’t Sustain Unexplained Investment Addition Without Corroborative Evidence: ITAT

GST Refund Can’t Be Rejected Without Considering Reply to SCN: Punjab & Haryana High Court

Absence of Satisfaction in Assessment Order Invalidates S. 271E Proceedings: ITAT Quashes Rs. 60 Lakh Penalty Over Procedural Lapse

More like this

CBI-DRI Joint Operation Busts Interstate Wildlife Trafficking Syndicate; 53 Protected Animals Rescued, Six Arrested

Loose Digital Files, 3rd Party Excel Sheets Can’t Sustain Unexplained Investment Addition Without Corroborative Evidence: ITAT

GST Refund Can’t Be Rejected Without Considering Reply to SCN: Punjab & Haryana High Court

About us

Company

Categories