https://www.taxtmi.com/caselaws?id=412114 The Tribunal upheld the CIT(A)'s decision, dismissing Revenue's appeal and the Assessee's cross objections regarding cash deposits during the demonetization period. The Tribunal found that the deposits were duly recorded in the books, citing the importance of maintaining proper records in tax matters. Consequently, the addition under section 69A of the Act was deemed unwarranted, leading to the dismissal of Revenue's appeal and the Assessee's cross objections. en-us Wed, 08 Sep 2021 00:00:00 +0530 Fri, 10 Sep 2021 09:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412114 The Tribunal upheld the CIT(A)'s decision, dismissing Revenue's appeal and the Assessee's cross objections regarding cash deposits during the demonetization period. The Tribunal found that the deposits were duly recorded in the books, citing the importance of maintaining proper records in tax matters. Consequently, the addition under section 69A of the Act was deemed unwarranted, leading to the dismissal of Revenue's appeal and the Assessee's cross objections. Case-Laws Income Tax Wed, 08 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412114