https://www.taxtmi.com/caselaws?id=428238 Cash deposits made during demonetisation were treated as explained where contemporaneous cash book entries, bank records, customer confirmations, cash withdrawals and a sufficient cash balance supported the explanation; no addition under section 68 survived. Depreciation on immovable property was allowed where the assessee had possession, an agreement to purchase was executed during the year, part payment was made and registration followed shortly thereafter, the assessee being regarded as owner for the year on the basis of beneficial ownership and possession. Deduction under section 80G was allowed only to the extent of verified donations supported by receipts, while the balance disallowance remained undisturbed. en-us Fri, 23 Sep 2022 00:00:00 +0530 Tue, 27 Sep 2022 07:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428238 Cash deposits made during demonetisation were treated as explained where contemporaneous cash book entries, bank records, customer confirmations, cash withdrawals and a sufficient cash balance supported the explanation; no addition under section 68 survived. Depreciation on immovable property was allowed where the assessee had possession, an agreement to purchase was executed during the year, part payment was made and registration followed shortly thereafter, the assessee being regarded as owner for the year on the basis of beneficial ownership and possession. Deduction under section 80G was allowed only to the extent of verified donations supported by receipts, while the balance disallowance remained undisturbed. Case-Laws Income Tax Fri, 23 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428238