https://www.taxtmi.com/caselaws?id=464315 ITAT reduced the addition under s.69A in respect of cash deposits made during demonetisation to a 20% disallowance, finding the AO unjustified in sustaining the entire deposit where earlier ITRs showed admitted agricultural income and the AO did not probe land area or farming activity; the AO was directed to restrict the addition to 20%. The assessee's legal contention against s.69A was not accepted for lack of supporting law. The appeal was partly allowed. en-us Mon, 04 Nov 2024 00:00:00 +0530 Fri, 17 Oct 2025 19:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464315 ITAT reduced the addition under s.69A in respect of cash deposits made during demonetisation to a 20% disallowance, finding the AO unjustified in sustaining the entire deposit where earlier ITRs showed admitted agricultural income and the AO did not probe land area or farming activity; the AO was directed to restrict the addition to 20%. The assessee's legal contention against s.69A was not accepted for lack of supporting law. The appeal was partly allowed. Case-Laws Income Tax Mon, 04 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464315