https://www.taxtmi.com/caselaws?id=769830 The Income Tax Tribunal addressed the validity of an addition under Section 69A during demonetization. Based on a detailed cash flow statement and accepted bank withdrawals, the Tribunal deleted the Rs. 10,00,000 addition. The ruling emphasized that when cash book entries are reliable and cash sources are adequately explained, unexplained cash credit additions are unwarranted. The assessee's appeal was allowed, rejecting the revenue department's challenge to the cash deposits. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769830 The Income Tax Tribunal addressed the validity of an addition under Section 69A during demonetization. Based on a detailed cash flow statement and accepted bank withdrawals, the Tribunal deleted the Rs. 10,00,000 addition. The ruling emphasized that when cash book entries are reliable and cash sources are adequately explained, unexplained cash credit additions are unwarranted. The assessee's appeal was allowed, rejecting the revenue department's challenge to the cash deposits. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769830