https://www.taxtmi.com/caselaws?id=425555 The tribunal allowed the appeal, overturning the addition of cash deposits made during demonetization period in the assessment year 2017-18. The appellant's explanations regarding the legitimate sources of income from transport business and agriculture, supported by consistent filing of returns under section 44AD, were deemed credible. The tribunal highlighted the regular tax compliance history of the appellant and her husband, indicating legitimate income sources. The delay in filing the appeal was condoned, and the tribunal ruled in favor of the appellant, emphasizing the contextual understanding of cash deposits in the appellant's business activities. en-us Wed, 20 Jul 2022 00:00:00 +0530 Wed, 27 Jul 2022 08:38:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425555 The tribunal allowed the appeal, overturning the addition of cash deposits made during demonetization period in the assessment year 2017-18. The appellant's explanations regarding the legitimate sources of income from transport business and agriculture, supported by consistent filing of returns under section 44AD, were deemed credible. The tribunal highlighted the regular tax compliance history of the appellant and her husband, indicating legitimate income sources. The delay in filing the appeal was condoned, and the tribunal ruled in favor of the appellant, emphasizing the contextual understanding of cash deposits in the appellant's business activities. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425555