https://www.taxtmi.com/caselaws?id=772514 Cash deposits in specified bank notes during demonetisation were alleged to be unexplained money of an assessee trust running educational institutions. The trust claimed the deposits represented student fee collections supported by books of account and related records. As that explanation had not been examined on its merits by the Assessing Officer, and the first appellate authority had confirmed the addition without verification, the ITAT remanded the matter for fresh consideration. The Assessing Officer was directed to examine the veracity of the explanation on the basis of records and evidence to be produced, so the addition was not finally sustained. en-us Wed, 30 Apr 2025 00:00:00 +0530 Tue, 10 Jun 2025 08:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772514 Cash deposits in specified bank notes during demonetisation were alleged to be unexplained money of an assessee trust running educational institutions. The trust claimed the deposits represented student fee collections supported by books of account and related records. As that explanation had not been examined on its merits by the Assessing Officer, and the first appellate authority had confirmed the addition without verification, the ITAT remanded the matter for fresh consideration. The Assessing Officer was directed to examine the veracity of the explanation on the basis of records and evidence to be produced, so the addition was not finally sustained. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772514