https://www.taxtmi.com/caselaws?id=758270 ITAT Jaipur allowed the assessee's appeal against addition under section 69A for cash deposited during demonetization. The assessee, having income from salary, rent, and bank interest, submitted cash flow statements with supporting bank statements showing cash availability of Rs. 25,09,620 as on 8-11-2016. The tribunal held that cash flow statements are the only method to examine cash availability for deposits. Since the assessee provided complete details of cash deposits during demonetization and lower authorities never disputed the cash balance, the addition was deleted. en-us Wed, 14 Feb 2024 00:00:00 +0530 Wed, 11 Sep 2024 09:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758270 ITAT Jaipur allowed the assessee's appeal against addition under section 69A for cash deposited during demonetization. The assessee, having income from salary, rent, and bank interest, submitted cash flow statements with supporting bank statements showing cash availability of Rs. 25,09,620 as on 8-11-2016. The tribunal held that cash flow statements are the only method to examine cash availability for deposits. Since the assessee provided complete details of cash deposits during demonetization and lower authorities never disputed the cash balance, the addition was deleted. Case-Laws Income Tax Wed, 14 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758270