https://www.taxtmi.com/caselaws?id=775930 The ITAT Kolkata upheld the CIT(A)'s decision to delete the addition made under section 69A concerning large cash deposits during the demonetization period. The AO's addition was unsustainable as the amounts formed part of the disclosed business turnover and were reflected in the income return. Since the AO did not dispute the turnover, the addition lacked merit. The Revenue's appeal was dismissed. en-us Wed, 01 Jan 2025 00:00:00 +0530 Sat, 02 Aug 2025 07:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775930 The ITAT Kolkata upheld the CIT(A)'s decision to delete the addition made under section 69A concerning large cash deposits during the demonetization period. The AO's addition was unsustainable as the amounts formed part of the disclosed business turnover and were reflected in the income return. Since the AO did not dispute the turnover, the addition lacked merit. The Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 01 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775930