https://www.taxtmi.com/caselaws?id=773973 The Tribunal partially allowed the appeal regarding Rs. 14.50 lakh cash deposits during demonetization under section 69A of the Income-tax Act. The assessee, a 78-year-old individual with rental and agricultural income, submitted cash book and bank statements showing withdrawals of Rs. 4.50 lakh, Rs. 1.00 lakh, Rs. 50,000, and Rs. 1.00 lakh from previous years. The Tribunal found the evidence credible considering the assessee's age, income sources, and personal circumstances including medical expenses. It deleted additions of Rs. 11.50 lakh as satisfactorily explained through documented cash withdrawals and accumulated savings, while sustaining Rs. 3.00 lakh as unexplained cash deposit. en-us Mon, 16 Jun 2025 00:00:00 +0530 Mon, 30 Jun 2025 14:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773973 The Tribunal partially allowed the appeal regarding Rs. 14.50 lakh cash deposits during demonetization under section 69A of the Income-tax Act. The assessee, a 78-year-old individual with rental and agricultural income, submitted cash book and bank statements showing withdrawals of Rs. 4.50 lakh, Rs. 1.00 lakh, Rs. 50,000, and Rs. 1.00 lakh from previous years. The Tribunal found the evidence credible considering the assessee's age, income sources, and personal circumstances including medical expenses. It deleted additions of Rs. 11.50 lakh as satisfactorily explained through documented cash withdrawals and accumulated savings, while sustaining Rs. 3.00 lakh as unexplained cash deposit. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773973