https://www.taxtmi.com/caselaws?id=769851 ITAT Pune reduced addition under section 69A for cash deposits during demonetization period. Assessee claimed deposits from agricultural produce sales, owning 100 acres and showing agricultural receipts of Rs. 49.12 lakh and Rs. 1.62 crore in subsequent years 2018-19 and 2019-20. Tribunal found complete disregard of agricultural receipts unjustified but questioned large cash holdings despite having bank account. Directed 20% disallowance of gross receipts to meet justice ends. Section 115BBE held inapplicable as receipts from disclosed agricultural sources. Appeal partly allowed. en-us Wed, 30 Apr 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769851 ITAT Pune reduced addition under section 69A for cash deposits during demonetization period. Assessee claimed deposits from agricultural produce sales, owning 100 acres and showing agricultural receipts of Rs. 49.12 lakh and Rs. 1.62 crore in subsequent years 2018-19 and 2019-20. Tribunal found complete disregard of agricultural receipts unjustified but questioned large cash holdings despite having bank account. Directed 20% disallowance of gross receipts to meet justice ends. Section 115BBE held inapplicable as receipts from disclosed agricultural sources. Appeal partly allowed. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769851