https://www.taxtmi.com/caselaws?id=774881 The ITAT Ahmedabad allowed the appellant's appeal against additions under section 69A read with section 115BBE for cash deposits during demonetization. The appellant provided bank statements showing withdrawals from April 1, 2016 to November 5, 2016, with a closing cash balance of 5.75 lakhs that was not questioned by the AO. The tribunal held that the appellant adequately explained the source of cash deposits, making the additions by the AO and confirmation by CIT(A) unjustified. en-us Tue, 13 May 2025 00:00:00 +0530 Wed, 16 Jul 2025 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774881 The ITAT Ahmedabad allowed the appellant's appeal against additions under section 69A read with section 115BBE for cash deposits during demonetization. The appellant provided bank statements showing withdrawals from April 1, 2016 to November 5, 2016, with a closing cash balance of 5.75 lakhs that was not questioned by the AO. The tribunal held that the appellant adequately explained the source of cash deposits, making the additions by the AO and confirmation by CIT(A) unjustified. Case-Laws Income Tax Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774881