https://www.taxtmi.com/caselaws?id=463004 The ITAT Ahmedabad restored the issue of deduction under section 80P(2)(a)(i) to the AO for verification of proportionate expenses claimed by the assessee. Regarding addition under section 68 for acceptance of SBN currency during demonetization, the tribunal held that no addition was warranted as the assessee provided a plausible explanation and complete details of the parties from whom SBNs were received. The AO did not doubt these details, and thus the addition under section 68 was disallowed. The assessee's appeal was allowed. en-us Thu, 18 Jul 2024 00:00:00 +0530 Wed, 30 Jul 2025 20:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463004 The ITAT Ahmedabad restored the issue of deduction under section 80P(2)(a)(i) to the AO for verification of proportionate expenses claimed by the assessee. Regarding addition under section 68 for acceptance of SBN currency during demonetization, the tribunal held that no addition was warranted as the assessee provided a plausible explanation and complete details of the parties from whom SBNs were received. The AO did not doubt these details, and thus the addition under section 68 was disallowed. The assessee's appeal was allowed. Case-Laws Income Tax Thu, 18 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463004