https://www.taxtmi.com/caselaws?id=766485 ITAT Hyderabad allowed the appeal regarding addition under section 69A for unexplained cash credit during demonetization period. The assessee deposited cash in bank account but initially could not establish source. However, additional evidence including income tax returns of family members and affidavits showing cash payments for marriage expenditure were accepted as bonafide and reasonable. The Tribunal directed deletion of the addition sustained by CIT(A), ruling in favor of the assessee. en-us Mon, 24 Feb 2025 00:00:00 +0530 Wed, 26 Feb 2025 08:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766485 ITAT Hyderabad allowed the appeal regarding addition under section 69A for unexplained cash credit during demonetization period. The assessee deposited cash in bank account but initially could not establish source. However, additional evidence including income tax returns of family members and affidavits showing cash payments for marriage expenditure were accepted as bonafide and reasonable. The Tribunal directed deletion of the addition sustained by CIT(A), ruling in favor of the assessee. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766485