https://www.taxtmi.com/caselaws?id=441162 The ITAT partially allowed the appeals by reducing the unexplained cash addition to Rs. 82,825 and the penalty to Rs. 10,000. It found the AO exceeded jurisdiction in limited scrutiny, limiting the cash deposits considered to the demonetization period. The penalty was reduced based on a Delhi Tribunal decision, emphasizing fairness in penalty imposition for non-compliance. en-us Fri, 07 Jul 2023 00:00:00 +0530 Tue, 01 Aug 2023 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441162 The ITAT partially allowed the appeals by reducing the unexplained cash addition to Rs. 82,825 and the penalty to Rs. 10,000. It found the AO exceeded jurisdiction in limited scrutiny, limiting the cash deposits considered to the demonetization period. The penalty was reduced based on a Delhi Tribunal decision, emphasizing fairness in penalty imposition for non-compliance. Case-Laws Income Tax Fri, 07 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441162