https://www.taxtmi.com/caselaws?id=312285 The ITAT Raipur dismissed the assessee's appeal regarding additions under Section 69A read with Section 115BBE for unexplained cash deposits during demonetization. The assessee failed to explain the nature and source of Specified Bank Notes deposited in their bank account. Despite receiving show cause notices and multiple opportunities to participate in proceedings, the assessee provided no compliance or plausible explanation. The tribunal upheld the Assessing Officer's addition, finding no infirmity in the order due to the assessee's failure to justify the cash deposits. en-us Wed, 08 Feb 2023 00:00:00 +0530 Sat, 10 Feb 2024 05:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312285 The ITAT Raipur dismissed the assessee's appeal regarding additions under Section 69A read with Section 115BBE for unexplained cash deposits during demonetization. The assessee failed to explain the nature and source of Specified Bank Notes deposited in their bank account. Despite receiving show cause notices and multiple opportunities to participate in proceedings, the assessee provided no compliance or plausible explanation. The tribunal upheld the Assessing Officer's addition, finding no infirmity in the order due to the assessee's failure to justify the cash deposits. Case-Laws Income Tax Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312285