https://www.taxtmi.com/caselaws?id=755965 The Tribunal allowed the appeal, directing the AO to re-evaluate the addition of Rs. 49,49,000/- for cash deposits during demonetization, citing insufficient basis for the initial decision. It also instructed the AO to remove the disallowance of carrying forward losses, emphasizing the independence of loss determinations across different assessment years. en-us Mon, 22 Jul 2024 00:00:00 +0530 Wed, 24 Jul 2024 07:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755965 The Tribunal allowed the appeal, directing the AO to re-evaluate the addition of Rs. 49,49,000/- for cash deposits during demonetization, citing insufficient basis for the initial decision. It also instructed the AO to remove the disallowance of carrying forward losses, emphasizing the independence of loss determinations across different assessment years. Case-Laws Income Tax Mon, 22 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755965