https://www.taxtmi.com/caselaws?id=774030 ITAT Delhi allowed the appeal of a salaried employee who deposited cash during demonetization. The assessee habitually withdrew salary from bank accounts due to religious beliefs and deposited the accumulated cash only during demonetization. Tax authorities made addition under section 69A for unexplained cash deposits. ITAT found no other income source was established by authorities, and deposits were from declared salary income. The addition was deleted considering religious practice of cash withdrawal and lack of evidence of undisclosed income sources. en-us Wed, 30 Apr 2025 00:00:00 +0530 Wed, 02 Jul 2025 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774030 ITAT Delhi allowed the appeal of a salaried employee who deposited cash during demonetization. The assessee habitually withdrew salary from bank accounts due to religious beliefs and deposited the accumulated cash only during demonetization. Tax authorities made addition under section 69A for unexplained cash deposits. ITAT found no other income source was established by authorities, and deposits were from declared salary income. The addition was deleted considering religious practice of cash withdrawal and lack of evidence of undisclosed income sources. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774030