https://www.taxtmi.com/caselaws?id=771594 ITAT Mumbai ruled in favor of the assessee regarding cash deposits made during demonetization period. The tribunal held that since the assessee adequately explained the source of cash deposited in bank account during demonetization, it cannot be treated as unexplained money under section 69A of the Income Tax Act. The addition made by the Assessing Officer was deleted and the appeal was allowed. en-us Mon, 19 May 2025 00:00:00 +0530 Wed, 28 May 2025 08:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771594 ITAT Mumbai ruled in favor of the assessee regarding cash deposits made during demonetization period. The tribunal held that since the assessee adequately explained the source of cash deposited in bank account during demonetization, it cannot be treated as unexplained money under section 69A of the Income Tax Act. The addition made by the Assessing Officer was deleted and the appeal was allowed. Case-Laws Income Tax Mon, 19 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771594