https://www.taxtmi.com/caselaws?id=781834 ITAT Kolkata set aside the order of CIT(A) concerning addition under s.69A and tax under s.115BBE on cash deposits made during demonetisation. The Tribunal observed that the assessee had only furnished gross withdrawals and deposits, without a day-to-day cash flow statement, and that CIT(A) had not properly analysed the bank transactions or utilisation of withdrawals. The matter was remanded to AO for a fresh assessment, directing the assessee to provide a detailed daily cash flow and directing AO to verify the nature and source of cash, including enquiries with banks, before making any specific addition. Grounds were allowed for statistical purposes. en-us Thu, 16 Oct 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781834 ITAT Kolkata set aside the order of CIT(A) concerning addition under s.69A and tax under s.115BBE on cash deposits made during demonetisation. The Tribunal observed that the assessee had only furnished gross withdrawals and deposits, without a day-to-day cash flow statement, and that CIT(A) had not properly analysed the bank transactions or utilisation of withdrawals. The matter was remanded to AO for a fresh assessment, directing the assessee to provide a detailed daily cash flow and directing AO to verify the nature and source of cash, including enquiries with banks, before making any specific addition. Grounds were allowed for statistical purposes. Case-Laws Income Tax Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781834