https://www.taxtmi.com/caselaws?id=769831 Earlier cash withdrawals can be treated as available to explain later demonetisation-period deposits when there is no evidence that the withdrawn cash was used elsewhere. On that basis, the ITAT Cochin held that the addition made as unexplained money could not be sustained because the assessee had withdrawn cash earlier and the revenue had not rebutted its availability for the subsequent deposits. The addition was deleted and the issue was decided in favour of the assessee. en-us Tue, 25 Mar 2025 00:00:00 +0530 Thu, 01 May 2025 15:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769831 Earlier cash withdrawals can be treated as available to explain later demonetisation-period deposits when there is no evidence that the withdrawn cash was used elsewhere. On that basis, the ITAT Cochin held that the addition made as unexplained money could not be sustained because the assessee had withdrawn cash earlier and the revenue had not rebutted its availability for the subsequent deposits. The addition was deleted and the issue was decided in favour of the assessee. Case-Laws Income Tax Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769831