https://www.taxtmi.com/caselaws?id=778745 ITAT held that additions treating cash deposits made during the demonetization period as unexplained were deleted. The Revenue failed to prove that the deposits were not from the assessee's current or earlier income or that cash had been exhausted by household or other expenses; the possibility of sufficient cash in hand could not be ruled out. The assessee discharged the onus by explanation and return details, so the AO was directed to delete the addition under s. 69A and the assessee's appeal was allowed. en-us Tue, 21 Jan 2025 00:00:00 +0530 Mon, 22 Sep 2025 08:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778745 ITAT held that additions treating cash deposits made during the demonetization period as unexplained were deleted. The Revenue failed to prove that the deposits were not from the assessee's current or earlier income or that cash had been exhausted by household or other expenses; the possibility of sufficient cash in hand could not be ruled out. The assessee discharged the onus by explanation and return details, so the AO was directed to delete the addition under s. 69A and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778745