https://www.taxtmi.com/caselaws?id=449683 The Tribunal allowed the appeal in favor of the assessee, concluding that the cash deposits made during the demonetization period were adequately explained and not from undisclosed sources. The addition of Rs. 69,38,000/- made by the Assessing Officer was deleted, as the Tribunal found no evidence of undisclosed income. The assessee's explanations, including cash flow statements and reasons for the deposits, were accepted, resulting in the grounds raised by the assessee being allowed. en-us Thu, 15 Feb 2024 00:00:00 +0530 Sat, 17 Feb 2024 06:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449683 The Tribunal allowed the appeal in favor of the assessee, concluding that the cash deposits made during the demonetization period were adequately explained and not from undisclosed sources. The addition of Rs. 69,38,000/- made by the Assessing Officer was deleted, as the Tribunal found no evidence of undisclosed income. The assessee's explanations, including cash flow statements and reasons for the deposits, were accepted, resulting in the grounds raised by the assessee being allowed. Case-Laws Income Tax Thu, 15 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449683