https://www.taxtmi.com/caselaws?id=772830 ITAT Delhi dismissed revenue's appeal regarding cash deposits during demonetization period. AO made addition u/s 68 questioning why assessee deposited cash in small amounts on various dates instead of depositing entire balance immediately after demonetization announcement. CIT(A) deleted the addition after assessee provided detailed explanation with supporting documents including names, addresses, vehicle numbers of auto drivers who repaid loans. ITAT upheld CIT(A)'s decision, noting AO failed to record dissatisfaction with assessee's explanation and revenue couldn't controvert findings or show incorrect cash book entries. en-us Wed, 09 Apr 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772830 ITAT Delhi dismissed revenue's appeal regarding cash deposits during demonetization period. AO made addition u/s 68 questioning why assessee deposited cash in small amounts on various dates instead of depositing entire balance immediately after demonetization announcement. CIT(A) deleted the addition after assessee provided detailed explanation with supporting documents including names, addresses, vehicle numbers of auto drivers who repaid loans. ITAT upheld CIT(A)'s decision, noting AO failed to record dissatisfaction with assessee's explanation and revenue couldn't controvert findings or show incorrect cash book entries. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772830