https://www.taxtmi.com/caselaws?id=448626 The appeal against the order of Ld. NFAC/CIT(A), Delhi, concerning an unexplained cash deposit during the demonetization period, was allowed. The initial decision confirmed Rs. 10 lakh as unexplained cash deposit due to insufficient reconciliation documents. However, upon hearing both parties, the court acknowledged the appellant's business nature and monthly sales, leading to the deletion of the Rs. 10 lakh addition. Consequently, the appeal was allowed, and the unexplained cash deposit was deemed explained. en-us Fri, 17 Nov 2023 00:00:00 +0530 Wed, 24 Jan 2024 20:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448626 The appeal against the order of Ld. NFAC/CIT(A), Delhi, concerning an unexplained cash deposit during the demonetization period, was allowed. The initial decision confirmed Rs. 10 lakh as unexplained cash deposit due to insufficient reconciliation documents. However, upon hearing both parties, the court acknowledged the appellant's business nature and monthly sales, leading to the deletion of the Rs. 10 lakh addition. Consequently, the appeal was allowed, and the unexplained cash deposit was deemed explained. Case-Laws Income Tax Fri, 17 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448626