https://www.taxtmi.com/caselaws?id=425238 The Tribunal partly allowed the Revenue's appeal, upholding the Ld. AO's decision regarding the cash deposit of Rs. 92,47,500 as unexplained money and allowing only Rs. 25 lakhs of the Rs. 1.65 Crores deposited during demonetization. The judgment emphasizes the necessity of providing cogent evidence to substantiate claims of cash deposits and the importance of aligning transaction timelines with documented evidence. en-us Fri, 15 Jul 2022 00:00:00 +0530 Tue, 19 Jul 2022 09:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425238 The Tribunal partly allowed the Revenue's appeal, upholding the Ld. AO's decision regarding the cash deposit of Rs. 92,47,500 as unexplained money and allowing only Rs. 25 lakhs of the Rs. 1.65 Crores deposited during demonetization. The judgment emphasizes the necessity of providing cogent evidence to substantiate claims of cash deposits and the importance of aligning transaction timelines with documented evidence. Case-Laws Income Tax Fri, 15 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425238