https://www.taxtmi.com/caselaws?id=433596 Documentary evidence showing receipt of advance consideration under an agreement to sell explained the cash deposits made during the demonetisation period, and the revenue brought no material to prove any unexplained source. On that basis, the addition under section 69A for unexplained money was deleted. The assessee's Chapter VI-A deduction claim was accepted in principle, but the Assessing Officer was required to verify eligibility before allowing the benefit. The result was partial disturbance of the assessment with overall relief to the assessee. en-us Tue, 24 Jan 2023 00:00:00 +0530 Tue, 18 Apr 2023 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433596 Documentary evidence showing receipt of advance consideration under an agreement to sell explained the cash deposits made during the demonetisation period, and the revenue brought no material to prove any unexplained source. On that basis, the addition under section 69A for unexplained money was deleted. The assessee's Chapter VI-A deduction claim was accepted in principle, but the Assessing Officer was required to verify eligibility before allowing the benefit. The result was partial disturbance of the assessment with overall relief to the assessee. Case-Laws Income Tax Tue, 24 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433596