https://www.taxtmi.com/caselaws?id=779953 ITAT KOLKATA - AT allowed the appeal of the assessee and set aside the addition of a Rs. 15 lakh cash deposit made during the demonetisation period. The Tribunal accepted the assessee's explanation that the deposit originated from accumulated savings from salary and interest, supported by cash flow statements and financials, and noted gifts from family members could not be ruled out. Absent any material showing undisclosed sources, the revenue's addition was not justified. en-us Thu, 23 Jan 2025 00:00:00 +0530 Thu, 16 Oct 2025 08:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779953 ITAT KOLKATA - AT allowed the appeal of the assessee and set aside the addition of a Rs. 15 lakh cash deposit made during the demonetisation period. The Tribunal accepted the assessee's explanation that the deposit originated from accumulated savings from salary and interest, supported by cash flow statements and financials, and noted gifts from family members could not be ruled out. Absent any material showing undisclosed sources, the revenue's addition was not justified. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779953