https://www.taxtmi.com/caselaws?id=754254 The ITAT allowed the appeal filed by the assessee, deleting the addition of Rs.27,00,000 made by the AO under Section 69A of the Income Tax Act, 1961, which the CIT(A) had confirmed. The Tribunal found that the AO erred in treating the cash deposits during the demonetization period as unexplained investments, as the assessee had maintained proper cash books and regular accounts without any detected faults. The decision was pronounced in open court on 15th January 2024. en-us Mon, 15 Jan 2024 00:00:00 +0530 Wed, 19 Jun 2024 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754254 The ITAT allowed the appeal filed by the assessee, deleting the addition of Rs.27,00,000 made by the AO under Section 69A of the Income Tax Act, 1961, which the CIT(A) had confirmed. The Tribunal found that the AO erred in treating the cash deposits during the demonetization period as unexplained investments, as the assessee had maintained proper cash books and regular accounts without any detected faults. The decision was pronounced in open court on 15th January 2024. Case-Laws Income Tax Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754254