https://www.taxtmi.com/caselaws?id=305270 The Tribunal allowed the appeal, setting aside the CIT(A)'s order confirming the addition of Rs.7,01,000/- deposited during the demonetisation period. The Tribunal found the explanation provided by the retired army officer, citing cash withdrawal for emergency medical treatment, to be reasonable. Considering the individual's age, retired status, and lack of evidence showing expenditure of the earlier withdrawal, the Tribunal ordered the deletion of the addition under Section 69A of the Income Tax Act, 1961. The AO was directed to remove the addition, and the decision was pronounced on 1st June 2022. en-us Wed, 01 Jun 2022 00:00:00 +0530 Thu, 24 Nov 2022 23:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305270 The Tribunal allowed the appeal, setting aside the CIT(A)'s order confirming the addition of Rs.7,01,000/- deposited during the demonetisation period. The Tribunal found the explanation provided by the retired army officer, citing cash withdrawal for emergency medical treatment, to be reasonable. Considering the individual's age, retired status, and lack of evidence showing expenditure of the earlier withdrawal, the Tribunal ordered the deletion of the addition under Section 69A of the Income Tax Act, 1961. The AO was directed to remove the addition, and the decision was pronounced on 1st June 2022. Case-Laws Income Tax Wed, 01 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305270