https://www.taxtmi.com/caselaws?id=753456 ITAT Visakhapatnam allowed partial relief to assessee regarding unexplained cash deposits under section 69A. While assessee's case was selected for limited scrutiny under CASS to examine deposits during demonetisation period, deposits made before demonetisation were improperly included in addition. ITAT granted relief of Rs. 5,00,000 for pre-demonetisation deposits as they were beyond scrutiny scope, and additional relief of Rs. 2,50,000 following CBDT Instruction No.03/2017. However, remaining addition of Rs. 3,30,000 for demonetisation period deposits was upheld as assessee failed to establish identity, genuineness and creditworthiness of transactions despite claiming gifts from parents. en-us Thu, 11 Jan 2024 00:00:00 +0530 Fri, 08 May 2026 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753456 ITAT Visakhapatnam allowed partial relief to assessee regarding unexplained cash deposits under section 69A. While assessee's case was selected for limited scrutiny under CASS to examine deposits during demonetisation period, deposits made before demonetisation were improperly included in addition. ITAT granted relief of Rs. 5,00,000 for pre-demonetisation deposits as they were beyond scrutiny scope, and additional relief of Rs. 2,50,000 following CBDT Instruction No.03/2017. However, remaining addition of Rs. 3,30,000 for demonetisation period deposits was upheld as assessee failed to establish identity, genuineness and creditworthiness of transactions despite claiming gifts from parents. Case-Laws Income Tax Thu, 11 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753456