https://www.taxtmi.com/caselaws?id=781253 ITAT Kolkata allowed the appeal of the assessee, deleting an addition for unexplained cash credits relating to bank deposits made during demonetisation. The tribunal found total rent of Rs.10,32,000 from four apartments (eight properties) justified the deposited Rs.1,31,465, equating to roughly one-and-a-half months' rent, and held it not unusual to deposit cash rent during that period. The AO's addition, confirmed by the CIT(A), was held unjustified and directed to be deleted. en-us Tue, 09 Sep 2025 00:00:00 +0530 Thu, 13 Nov 2025 08:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781253 ITAT Kolkata allowed the appeal of the assessee, deleting an addition for unexplained cash credits relating to bank deposits made during demonetisation. The tribunal found total rent of Rs.10,32,000 from four apartments (eight properties) justified the deposited Rs.1,31,465, equating to roughly one-and-a-half months' rent, and held it not unusual to deposit cash rent during that period. The AO's addition, confirmed by the CIT(A), was held unjustified and directed to be deleted. Case-Laws Income Tax Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781253