https://www.taxtmi.com/caselaws?id=780357 ITAT BANGALORE - AT held that cash deposits during demonetisation cannot be treated as unaccounted income merely because net profit is lower; affidavit and death certificate and audited books weighed against summary addition under s.144. The tribunal remitted the matter to the AO for fresh assessment, directing the assessee to produce books and evidence of expenses and for the AO to verify sources of bank deposits, examine records and give the assessee an opportunity of hearing before making any additions. en-us Mon, 27 Oct 2025 00:00:00 +0530 Wed, 29 Oct 2025 08:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780357 ITAT BANGALORE - AT held that cash deposits during demonetisation cannot be treated as unaccounted income merely because net profit is lower; affidavit and death certificate and audited books weighed against summary addition under s.144. The tribunal remitted the matter to the AO for fresh assessment, directing the assessee to produce books and evidence of expenses and for the AO to verify sources of bank deposits, examine records and give the assessee an opportunity of hearing before making any additions. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780357