https://www.taxtmi.com/caselaws?id=444753 The appeal was allowed, with the court directing the Assessing Officer to delete the addition of Rs. 9 lakh under section 69A of the Income Tax Act. The Judicial Member found that the assessee, a senior citizen, had sufficient accumulated cash, which was deposited during demonetization. The evidence provided, including cash ledger and income consistency, demonstrated the legitimacy of the deposits, rendering the addition unwarranted. The orders of the AO and CIT(A) were deemed incorrect, and the assessee's grievance was upheld. The decision was pronounced on 19.10.2023. en-us Thu, 19 Oct 2023 00:00:00 +0530 Sat, 21 Oct 2023 07:02:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444753 The appeal was allowed, with the court directing the Assessing Officer to delete the addition of Rs. 9 lakh under section 69A of the Income Tax Act. The Judicial Member found that the assessee, a senior citizen, had sufficient accumulated cash, which was deposited during demonetization. The evidence provided, including cash ledger and income consistency, demonstrated the legitimacy of the deposits, rendering the addition unwarranted. The orders of the AO and CIT(A) were deemed incorrect, and the assessee's grievance was upheld. The decision was pronounced on 19.10.2023. Case-Laws Income Tax Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444753