https://www.taxtmi.com/caselaws?id=770693 In a tax dispute involving cash deposits during demonetization, the Tribunal deleted an addition of Rs. 2,24,69,739/- made by the AO under Section 68. The Tribunal found the assessee's documentary evidence substantiated the cash deposits from business transactions. It held that the enhanced tax rate under Section 115BBE applies only from AY 2018-19 and that the addition constituted impermissible double counting of income already declared as a loss. en-us Wed, 07 May 2025 00:00:00 +0530 Wed, 14 May 2025 18:47:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770693 In a tax dispute involving cash deposits during demonetization, the Tribunal deleted an addition of Rs. 2,24,69,739/- made by the AO under Section 68. The Tribunal found the assessee's documentary evidence substantiated the cash deposits from business transactions. It held that the enhanced tax rate under Section 115BBE applies only from AY 2018-19 and that the addition constituted impermissible double counting of income already declared as a loss. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770693