https://www.taxtmi.com/caselaws?id=422100 The ITAT allowed the appeal filed by the assessee, overturning the CIT(A) order confirming the addition of Rs. 2,00,000 for cash deposits during demonetization. The ITAT found the sustained addition unjustified as the assessee had already deducted Rs. 2,92,870 for household expenses, leading to the deletion of the Rs. 2,00,000 addition. en-us Tue, 12 Apr 2022 00:00:00 +0530 Sun, 08 May 2022 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422100 The ITAT allowed the appeal filed by the assessee, overturning the CIT(A) order confirming the addition of Rs. 2,00,000 for cash deposits during demonetization. The ITAT found the sustained addition unjustified as the assessee had already deducted Rs. 2,92,870 for household expenses, leading to the deletion of the Rs. 2,00,000 addition. Case-Laws Income Tax Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422100