https://www.taxtmi.com/caselaws?id=768808 ITAT PUNE-AT partially allowed the assessee's appeal regarding addition under section 69A read with section 115BBE for unexplained cash deposits during demonetization. The assessee deposited cash but could not fully explain the source. The tribunal acknowledged people maintain emergency cash at home and considering the assessee's reasonable income declarations in prior years and bank withdrawals, estimated Rs. 15 lakhs as reasonably available cash. The addition was restricted to Rs. 6,40,780 by deleting Rs. 15,00,000. Section 115BBE provisions were held applicable to AY 2017-18. en-us Wed, 09 Apr 2025 00:00:00 +0530 Mon, 14 Apr 2025 08:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768808 ITAT PUNE-AT partially allowed the assessee's appeal regarding addition under section 69A read with section 115BBE for unexplained cash deposits during demonetization. The assessee deposited cash but could not fully explain the source. The tribunal acknowledged people maintain emergency cash at home and considering the assessee's reasonable income declarations in prior years and bank withdrawals, estimated Rs. 15 lakhs as reasonably available cash. The addition was restricted to Rs. 6,40,780 by deleting Rs. 15,00,000. Section 115BBE provisions were held applicable to AY 2017-18. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768808