https://www.taxtmi.com/caselaws?id=777496 ITAT DELHI - AT deleted additions under section 69A r.w.s.115BBE, holding the assessee's cash deposits (including demonetization-period sums) were satisfactorily explained by available cash balances and sale consideration of agricultural land; revenue did not contend deposits exceeded agricultural income or sale proceeds. Consequently no part of the deposits was treated as unexplained money. The Tribunal also relied on a HC ruling that enhanced tax rate under section 115BBE applies only from 01.04.2017 (AY 2018-19 onward), allowing the assessee's grounds. en-us Wed, 27 Aug 2025 00:00:00 +0530 Sat, 30 Aug 2025 08:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777496 ITAT DELHI - AT deleted additions under section 69A r.w.s.115BBE, holding the assessee's cash deposits (including demonetization-period sums) were satisfactorily explained by available cash balances and sale consideration of agricultural land; revenue did not contend deposits exceeded agricultural income or sale proceeds. Consequently no part of the deposits was treated as unexplained money. The Tribunal also relied on a HC ruling that enhanced tax rate under section 115BBE applies only from 01.04.2017 (AY 2018-19 onward), allowing the assessee's grounds. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777496