https://www.taxtmi.com/caselaws?id=776833 Cash deposits during demonetisation were examined for unexplained income treatment where the assessee supported the deposits with a paper book showing rental cash receipts, past savings and withdrawals of a deceased husband's cash. The Revenue disputed the source and said the explanation was not satisfactorily proved. The ITAT noted that the material filed by the assessee could not be ignored, although the onus was not fully discharged, and granted partial relief on an equitable basis. The addition was therefore restricted to Rs. 2,77,822, with the balance deleted. en-us Tue, 07 Jan 2025 00:00:00 +0530 Tue, 19 Aug 2025 12:04:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776833 Cash deposits during demonetisation were examined for unexplained income treatment where the assessee supported the deposits with a paper book showing rental cash receipts, past savings and withdrawals of a deceased husband's cash. The Revenue disputed the source and said the explanation was not satisfactorily proved. The ITAT noted that the material filed by the assessee could not be ignored, although the onus was not fully discharged, and granted partial relief on an equitable basis. The addition was therefore restricted to Rs. 2,77,822, with the balance deleted. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776833