https://www.taxtmi.com/caselaws?id=435519 Cash deposits disclosed under the Pradhan Mantri Garib Kalyan Yojana, 2016 were treated as validly declared where the assessee had made the declaration within time, paid the required tax and deposit, and had already advanced tax before the scheme notification. Administrative issues in challan coding or software matching did not defeat substantive compliance. On that basis, the amount could not be assessed as unexplained money under section 69A of the Income-tax Act, 1961, and the consequential rectification and revision orders under sections 154 and 263 were also unsustainable. en-us Wed, 02 Nov 2022 00:00:00 +0530 Mon, 20 Mar 2023 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435519 Cash deposits disclosed under the Pradhan Mantri Garib Kalyan Yojana, 2016 were treated as validly declared where the assessee had made the declaration within time, paid the required tax and deposit, and had already advanced tax before the scheme notification. Administrative issues in challan coding or software matching did not defeat substantive compliance. On that basis, the amount could not be assessed as unexplained money under section 69A of the Income-tax Act, 1961, and the consequential rectification and revision orders under sections 154 and 263 were also unsustainable. Case-Laws Income Tax Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435519