https://www.taxtmi.com/highlights?id=68788 Addition u/s 68 - cash deposits in the bank accounts during the demonetization period - As far as non-reliance on books of accounts and other documentation so submitted by the assessee, we are of the considered view that the action of the lower authorities cannot be sustained. - Assessee has not just provided a reasonable explanation to explain the source of cash deposits but the said explanation has been adequately supported by adequate documentation - Additions deleted - AT en-us Sat, 18 Mar 2023 11:04:44 +0530 Sat, 18 Mar 2023 11:04:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68788 Addition u/s 68 - cash deposits in the bank accounts during the demonetization period - As far as non-reliance on books of accounts and other documentation so submitted by the assessee, we are of the considered view that the action of the lower authorities cannot be sustained. - Assessee has not just provided a reasonable explanation to explain the source of cash deposits but the said explanation has been adequately supported by adequate documentation - Additions deleted - AT Highlights Income Tax Sat, 18 Mar 2023 11:04:44 +0530 https://www.taxtmi.com/highlights?id=68788