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of ITAT allowed the appeal and deleted the entire addition made by AO under section 115BBE for unexplained cash deposits during demonetization period. The assessee successfully explained the source of cash deposits totaling Rs. 43,49,428/- by demonstrating that cash balance was maintained in regular books of account accepted by AO, and deposits originated from legitimate cash withdrawals from bank accounts and available cash in hand. CIT(A) had erred by providing only 50% relief without detailed factual analysis. ITAT found the source of cash deposits adequately explained through regular banking transactions and book entries, concluding no addition was warranted as the deposits were from explained sources rather than unexplained cash.
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