https://www.taxtmi.com/caselaws?id=782205 ITAT Kolkata allowed the assessee's appeal and deleted the addition made u/s 69A for unexplained cash deposits during the demonetization period. The Tribunal noted that the AO, in the remand proceedings, had already accepted the assessee's explanation that the cash deposits were sourced from withdrawals from the assessee's own bank accounts in the pre- and post-demonetization period, duly supported by cash book and bank statements. It held that CIT(A) erred in dismissing the remand report without reasons and, following precedent, granted the benefit of redeposit to the assessee. en-us Wed, 19 Nov 2025 00:00:00 +0530 Thu, 16 Apr 2026 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782205 ITAT Kolkata allowed the assessee's appeal and deleted the addition made u/s 69A for unexplained cash deposits during the demonetization period. The Tribunal noted that the AO, in the remand proceedings, had already accepted the assessee's explanation that the cash deposits were sourced from withdrawals from the assessee's own bank accounts in the pre- and post-demonetization period, duly supported by cash book and bank statements. It held that CIT(A) erred in dismissing the remand report without reasons and, following precedent, granted the benefit of redeposit to the assessee. Case-Laws Income Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782205