https://www.taxtmi.com/caselaws?id=772683 ITAT Chennai allowed the assessee's appeal regarding unexplained money under section 69A during demonetization. The assessee deposited cash in SBN and explained the source as funds received from relatives and friends, providing their names, identity, address, PAN, and confirmation letters. The ITAT found that AO and CIT(A) erred in treating these deposits as unexplained money under sections 69A and 115BBE. Following tribunal precedents, the order directed deletion of the entire addition, setting aside the CIT(A)'s decision. en-us Mon, 26 May 2025 00:00:00 +0530 Thu, 12 Jun 2025 07:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772683 ITAT Chennai allowed the assessee's appeal regarding unexplained money under section 69A during demonetization. The assessee deposited cash in SBN and explained the source as funds received from relatives and friends, providing their names, identity, address, PAN, and confirmation letters. The ITAT found that AO and CIT(A) erred in treating these deposits as unexplained money under sections 69A and 115BBE. Following tribunal precedents, the order directed deletion of the entire addition, setting aside the CIT(A)'s decision. Case-Laws Income Tax Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772683