https://www.taxtmi.com/caselaws?id=429811 The ITAT allowed the appeal, setting aside the order confirming the addition of unexplained money during the demonetization period. The assessee successfully explained the sources of cash deposits through withdrawals, declared gifts, and family members' legitimate income from agriculture and rentals. The ITAT found no basis for invoking Section 69A, as the assessee complied with tax laws and provided adequate explanations, leading to the appeal's allowance under Section 250 of the Income Tax Act. en-us Fri, 14 Oct 2022 00:00:00 +0530 Sat, 05 Nov 2022 08:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429811 The ITAT allowed the appeal, setting aside the order confirming the addition of unexplained money during the demonetization period. The assessee successfully explained the sources of cash deposits through withdrawals, declared gifts, and family members' legitimate income from agriculture and rentals. The ITAT found no basis for invoking Section 69A, as the assessee complied with tax laws and provided adequate explanations, leading to the appeal's allowance under Section 250 of the Income Tax Act. Case-Laws Income Tax Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429811