https://www.taxtmi.com/caselaws?id=458122 The ITAT Jodhpur allowed the assessee's appeal against addition of cash deposits made during demonetization period. The case was selected for limited scrutiny under section 143(3) specifically for examining cash deposits during demonetization. The tribunal held that when the assessee demonstrated regular income filing and maintained opening cash balance of Rs. 9,50,597, the cash deposit of Rs. 11,00,000 in bank account could not be treated as unexplained income under section 68. The addition was directed to be deleted. en-us Mon, 08 Apr 2024 00:00:00 +0530 Tue, 08 Oct 2024 23:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458122 The ITAT Jodhpur allowed the assessee's appeal against addition of cash deposits made during demonetization period. The case was selected for limited scrutiny under section 143(3) specifically for examining cash deposits during demonetization. The tribunal held that when the assessee demonstrated regular income filing and maintained opening cash balance of Rs. 9,50,597, the cash deposit of Rs. 11,00,000 in bank account could not be treated as unexplained income under section 68. The addition was directed to be deleted. Case-Laws Income Tax Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458122