https://www.taxtmi.com/caselaws?id=779670 ITAT (Chennai) held that the CIT(A)'s reliance on a theory of human probability to uphold additions for unexplained cash deposits during demonetization was unsustainable. The assessee's air-ticketing business was not doubted by Revenue, and the tribunal found the non-linkage hypothesis implausible given the short three-month period. The tribunal set aside confirmation of additions of Rs. 4,00,000 and Rs. 2,52,873, directed the AO to delete those additions, and partly allowed the appeal. en-us Wed, 22 Jan 2025 00:00:00 +0530 Fri, 10 Oct 2025 08:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779670 ITAT (Chennai) held that the CIT(A)'s reliance on a theory of human probability to uphold additions for unexplained cash deposits during demonetization was unsustainable. The assessee's air-ticketing business was not doubted by Revenue, and the tribunal found the non-linkage hypothesis implausible given the short three-month period. The tribunal set aside confirmation of additions of Rs. 4,00,000 and Rs. 2,52,873, directed the AO to delete those additions, and partly allowed the appeal. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779670