https://www.taxtmi.com/caselaws?id=761572 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete additions made under Section 68 of the Income Tax Act for AY 2017-18. The Tribunal found no exceptional circumstances to justify the appeal and noted the tax effect was below the specified threshold, rendering the appeal non-maintainable. The Tribunal agreed with the CIT(A) that the assessee's cash deposits during demonetization were adequately explained, supported by a consistent cash balance and lack of contrary evidence, thus affirming the deletion of the additions. en-us Tue, 01 Oct 2024 00:00:00 +0530 Wed, 13 Nov 2024 08:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761572 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete additions made under Section 68 of the Income Tax Act for AY 2017-18. The Tribunal found no exceptional circumstances to justify the appeal and noted the tax effect was below the specified threshold, rendering the appeal non-maintainable. The Tribunal agreed with the CIT(A) that the assessee's cash deposits during demonetization were adequately explained, supported by a consistent cash balance and lack of contrary evidence, thus affirming the deletion of the additions. Case-Laws Income Tax Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761572