https://www.taxtmi.com/caselaws?id=429983 The Tribunal allowed the Revenue's appeal, directing the CIT (Appeals) to reevaluate the nature of cash deposits in Rs.2000 notes during demonetization, emphasizing the importance of verifying details provided by the assessee. The Tribunal found discrepancies in the cash deposits and noted the need for a more thorough examination of pay in slips and bank statements. The decision underscored the burden of proof on the assessee and the significance of substantiating cash deposits during critical periods. en-us Mon, 26 Sep 2022 00:00:00 +0530 Tue, 08 Nov 2022 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429983 The Tribunal allowed the Revenue's appeal, directing the CIT (Appeals) to reevaluate the nature of cash deposits in Rs.2000 notes during demonetization, emphasizing the importance of verifying details provided by the assessee. The Tribunal found discrepancies in the cash deposits and noted the need for a more thorough examination of pay in slips and bank statements. The decision underscored the burden of proof on the assessee and the significance of substantiating cash deposits during critical periods. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429983