https://www.taxtmi.com/caselaws?id=751935 The ITAT Jodhpur allowed the assessee's appeal against additions made under Section 69A for unexplained deposits during demonetization. The assessee, a retired government employee and senior citizen, provided cash flow statements, day-wise withdrawal records, family settlement documents showing wife received Rs. 3,61,000, and wife's affidavit confirming she deposited Rs. 15,59,000 from her own savings in their joint account. The lower authorities doubted these explanations without contrary evidence. The ITAT held that uncontroverted affidavit contents must be accepted as correct, and directed deletion of the Rs. 12,87,100 addition, ruling the assessee's ground was allowed. en-us Fri, 26 Apr 2024 00:00:00 +0530 Tue, 30 Apr 2024 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751935 The ITAT Jodhpur allowed the assessee's appeal against additions made under Section 69A for unexplained deposits during demonetization. The assessee, a retired government employee and senior citizen, provided cash flow statements, day-wise withdrawal records, family settlement documents showing wife received Rs. 3,61,000, and wife's affidavit confirming she deposited Rs. 15,59,000 from her own savings in their joint account. The lower authorities doubted these explanations without contrary evidence. The ITAT held that uncontroverted affidavit contents must be accepted as correct, and directed deletion of the Rs. 12,87,100 addition, ruling the assessee's ground was allowed. Case-Laws Income Tax Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751935