https://www.taxtmi.com/caselaws?id=446449 The ITAT Visakhapatnam allowed the assessee's appeal regarding additions under Section 69A read with Section 115BBE for unexplained cash deposits made during demonetization. The assessee operated as a service provider for IDEA Cellular, collecting payments for mobile recharges and bill collections. The tribunal held that cash deposits of SBNs during demonetization were legitimate collections made on behalf of IDEA Cellular as an agent, not unexplained income. The sources were adequately established through books of account showing remittances to IDEA Cellular via ECS, and RBI notifications permitted mobile top-ups during demonetization. en-us Thu, 10 Aug 2023 00:00:00 +0530 Tue, 05 Dec 2023 07:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446449 The ITAT Visakhapatnam allowed the assessee's appeal regarding additions under Section 69A read with Section 115BBE for unexplained cash deposits made during demonetization. The assessee operated as a service provider for IDEA Cellular, collecting payments for mobile recharges and bill collections. The tribunal held that cash deposits of SBNs during demonetization were legitimate collections made on behalf of IDEA Cellular as an agent, not unexplained income. The sources were adequately established through books of account showing remittances to IDEA Cellular via ECS, and RBI notifications permitted mobile top-ups during demonetization. Case-Laws Income Tax Thu, 10 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446449