https://www.taxtmi.com/caselaws?id=418075 The Tribunal found in favor of the assessee, a retired government servant, in a tax dispute regarding cash deposits during demonetization. The Assessing Officer's addition of Rs. 63,63,000 was reduced by the CIT (Appeals) to Rs. 44,13,000, considering pre-demonetization withdrawals. The Tribunal accepted the assessee's explanations for cash transactions, criticizing the CIT (Appeals) for procedural flaws and failure to consider additional evidence. Ultimately, the Tribunal concluded that the CIT (Appeals)'s addition was unwarranted, leading to the deletion of the amount in question. en-us Thu, 27 Jan 2022 00:00:00 +0530 Mon, 09 Jan 2023 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418075 The Tribunal found in favor of the assessee, a retired government servant, in a tax dispute regarding cash deposits during demonetization. The Assessing Officer's addition of Rs. 63,63,000 was reduced by the CIT (Appeals) to Rs. 44,13,000, considering pre-demonetization withdrawals. The Tribunal accepted the assessee's explanations for cash transactions, criticizing the CIT (Appeals) for procedural flaws and failure to consider additional evidence. Ultimately, the Tribunal concluded that the CIT (Appeals)'s addition was unwarranted, leading to the deletion of the amount in question. Case-Laws Income Tax Thu, 27 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418075