https://www.taxtmi.com/caselaws?id=425133 The Tribunal allowed the appeal, overturning the CIT(A)-NFAC's decision and directing the deletion of the addition made under section 69A of the Income Tax Act. The Tribunal considered the withdrawn amount from the bank in the past two years, which could have been used for the cash deposit during demonetization, taking into account the age and circumstances of the assessee. en-us Thu, 14 Jul 2022 00:00:00 +0530 Sat, 16 Jul 2022 09:22:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425133 The Tribunal allowed the appeal, overturning the CIT(A)-NFAC's decision and directing the deletion of the addition made under section 69A of the Income Tax Act. The Tribunal considered the withdrawn amount from the bank in the past two years, which could have been used for the cash deposit during demonetization, taking into account the age and circumstances of the assessee. Case-Laws Income Tax Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425133