https://www.taxtmi.com/caselaws?id=770164 The AT ruled in favor of the assessee, rejecting the Revenue's claim of unexplained cash deposits during demonetization. The Tribunal found the bank deposits were satisfactorily explained through verifiable transaction trails. It also held that section 115BBE could not be applied retrospectively to transactions prior to its introduction. The denial of video conference hearing did not prejudice the assessee's case, as the appeal was decided on merits. en-us Mon, 05 May 2025 00:00:00 +0530 Wed, 07 May 2025 09:18:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770164 The AT ruled in favor of the assessee, rejecting the Revenue's claim of unexplained cash deposits during demonetization. The Tribunal found the bank deposits were satisfactorily explained through verifiable transaction trails. It also held that section 115BBE could not be applied retrospectively to transactions prior to its introduction. The denial of video conference hearing did not prejudice the assessee's case, as the appeal was decided on merits. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770164