https://www.taxtmi.com/caselaws?id=781580 ITAT CHANDIGARH held in favour of the assessee, finding that disputed cash deposits during demonetisation were re-deposits of earlier bank withdrawals and not unexplained income under s.69A r.w.s.115BBE. The tribunal accepted that the cash had been held since the 1950s, withdrawn and subsequently redeposited within two years, and relied on a favourable jurisdictional HC precedent permitting acceptance of withdrawn cash deposited back into the bank even after several years. The addition was therefore not sustained. en-us Thu, 17 Jul 2025 00:00:00 +0530 Tue, 18 Nov 2025 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781580 ITAT CHANDIGARH held in favour of the assessee, finding that disputed cash deposits during demonetisation were re-deposits of earlier bank withdrawals and not unexplained income under s.69A r.w.s.115BBE. The tribunal accepted that the cash had been held since the 1950s, withdrawn and subsequently redeposited within two years, and relied on a favourable jurisdictional HC precedent permitting acceptance of withdrawn cash deposited back into the bank even after several years. The addition was therefore not sustained. Case-Laws Income Tax Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781580