https://www.taxtmi.com/caselaws?id=778537 ITAT DELHI - AT deleted additions made under s.68 where cash credited as a gift from the assessee's adult daughter was satisfactorily explained. The tribunal found demonetisation was irrelevant to small-denomination savings, the daughter (25) had sufficient account balance and capacity to gift funds, and Revenue did not dispute the transaction source. On these facts the assessee had fully explained the receipt, so the unexplained cash credit disallowance was unsustainable and the appeal was allowed. en-us Fri, 12 Sep 2025 00:00:00 +0530 Thu, 18 Sep 2025 08:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778537 ITAT DELHI - AT deleted additions made under s.68 where cash credited as a gift from the assessee's adult daughter was satisfactorily explained. The tribunal found demonetisation was irrelevant to small-denomination savings, the daughter (25) had sufficient account balance and capacity to gift funds, and Revenue did not dispute the transaction source. On these facts the assessee had fully explained the receipt, so the unexplained cash credit disallowance was unsustainable and the appeal was allowed. Case-Laws Income Tax Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778537