https://www.taxtmi.com/caselaws?id=781445 ITAT PUNE - AT held that cash deposit of Rs.10,45,000 dated 08.11.2016 fell before demonetization (09.11.2016) and the AO erred in making additions; withdrawals by a nephew and prior withdrawals by the assessee furnished a prima facie explanation, so the tribunal upheld the CIT(A) and reversed the impugned additions, allowing grounds No.3 and No.4. The tribunal also quashed penalty proceedings under s.270A, finding the return was filed voluntarily in response to a s.142(1) notice issued 12.03.2018 (before the filing due date), and allowed ground No.2. en-us Fri, 31 Oct 2025 00:00:00 +0530 Sat, 15 Nov 2025 07:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781445 ITAT PUNE - AT held that cash deposit of Rs.10,45,000 dated 08.11.2016 fell before demonetization (09.11.2016) and the AO erred in making additions; withdrawals by a nephew and prior withdrawals by the assessee furnished a prima facie explanation, so the tribunal upheld the CIT(A) and reversed the impugned additions, allowing grounds No.3 and No.4. The tribunal also quashed penalty proceedings under s.270A, finding the return was filed voluntarily in response to a s.142(1) notice issued 12.03.2018 (before the filing due date), and allowed ground No.2. Case-Laws Income Tax Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781445