https://www.taxtmi.com/caselaws?id=447912 The Tribunal ruled in favor of the appellant, setting aside the Ld. CIT(A)'s order and directing the AO to delete the addition of Rs. 17,48,000 as unexplained cash deposits during the demonetization period. The Tribunal found the sources of cash deposits to be genuine, considering the appellant's explanation of receiving marriage gifts supported by gift deeds and verified financial capabilities of the donors. The appeal was allowed, and the decision was pronounced on 5th January 2024. en-us Fri, 05 Jan 2024 00:00:00 +0530 Mon, 08 Jan 2024 09:15:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447912 The Tribunal ruled in favor of the appellant, setting aside the Ld. CIT(A)'s order and directing the AO to delete the addition of Rs. 17,48,000 as unexplained cash deposits during the demonetization period. The Tribunal found the sources of cash deposits to be genuine, considering the appellant's explanation of receiving marriage gifts supported by gift deeds and verified financial capabilities of the donors. The appeal was allowed, and the decision was pronounced on 5th January 2024. Case-Laws Income Tax Fri, 05 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447912