https://www.taxtmi.com/caselaws?id=761095 ITAT Chennai remanded the matter to the Assessing Officer for fresh consideration regarding additions made under section 69A for substantial cash deposits during demonetization and business income determination. The tribunal noted that while the assessee failed to provide supporting documents initially and CIT(A) confirmed the addition based on doubts about third-party cash transactions, the assessee's representative was able to produce required documents before the tribunal. The assessee was granted liberty to file evidence before the Assessing Officer for verification including Form 26AS details. All grounds raised by the assessee were allowed for statistical purposes. en-us Tue, 29 Oct 2024 00:00:00 +0530 Tue, 05 Nov 2024 07:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761095 ITAT Chennai remanded the matter to the Assessing Officer for fresh consideration regarding additions made under section 69A for substantial cash deposits during demonetization and business income determination. The tribunal noted that while the assessee failed to provide supporting documents initially and CIT(A) confirmed the addition based on doubts about third-party cash transactions, the assessee's representative was able to produce required documents before the tribunal. The assessee was granted liberty to file evidence before the Assessing Officer for verification including Form 26AS details. All grounds raised by the assessee were allowed for statistical purposes. Case-Laws Income Tax Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761095