https://www.taxtmi.com/caselaws?id=770328 The ITAT Raipur allowed the appellant's appeal against addition under section 69A for unexplained cash deposits during demonization. The tribunal held that when the department accepted the assessee's wholesale business nature, turnover, business module, and books of accounts, and acknowledged that retail customers included petty vendors without adequate documentation who operated from mobile carts, no addition could be made treating bank deposits as unexplained money. The department's acceptance of business realities precluded the section 69A addition. en-us Wed, 09 Apr 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770328 The ITAT Raipur allowed the appellant's appeal against addition under section 69A for unexplained cash deposits during demonization. The tribunal held that when the department accepted the assessee's wholesale business nature, turnover, business module, and books of accounts, and acknowledged that retail customers included petty vendors without adequate documentation who operated from mobile carts, no addition could be made treating bank deposits as unexplained money. The department's acceptance of business realities precluded the section 69A addition. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770328