https://www.taxtmi.com/caselaws?id=775366 ITAT Amritsar partially allowed the appeal concerning unexplained cash deposits under section 69A read with 115BBE during demonetization. The assessee, an agriculturist with income solely from agriculture, demonstrated that out of Rs. 9.50 lakhs deposited, Rs. 8 lakhs could be explained by cash on hand and sales of agricultural produce. Consequently, the addition was restricted to Rs. 1.50 lakhs. The tribunal granted relief accordingly, reducing the tax demand. en-us Mon, 21 Jul 2025 00:00:00 +0530 Thu, 24 Jul 2025 08:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775366 ITAT Amritsar partially allowed the appeal concerning unexplained cash deposits under section 69A read with 115BBE during demonetization. The assessee, an agriculturist with income solely from agriculture, demonstrated that out of Rs. 9.50 lakhs deposited, Rs. 8 lakhs could be explained by cash on hand and sales of agricultural produce. Consequently, the addition was restricted to Rs. 1.50 lakhs. The tribunal granted relief accordingly, reducing the tax demand. Case-Laws Income Tax Mon, 21 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775366