https://www.taxtmi.com/caselaws?id=782807 ITAT Chandigarh partly allowed the assessee's appeal concerning addition under s. 69 r.w.s. 115BBE on cash deposits made during the demonetization period. The Tribunal upheld the addition of the unexplained cash of Rs. 3.19 lakhs, as the assessee failed to substantiate its source before any authority. However, relying on binding HC precedent, ITAT held that the enhanced tax rate under s. 115BBE (60%) applies only from 01.04.2017 onwards. For the relevant pre-2017 assessment year, the AO was directed to apply the normal 30% tax rate on the sustained addition. en-us Mon, 01 Dec 2025 00:00:00 +0530 Wed, 03 Dec 2025 13:04:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782807 ITAT Chandigarh partly allowed the assessee's appeal concerning addition under s. 69 r.w.s. 115BBE on cash deposits made during the demonetization period. The Tribunal upheld the addition of the unexplained cash of Rs. 3.19 lakhs, as the assessee failed to substantiate its source before any authority. However, relying on binding HC precedent, ITAT held that the enhanced tax rate under s. 115BBE (60%) applies only from 01.04.2017 onwards. For the relevant pre-2017 assessment year, the AO was directed to apply the normal 30% tax rate on the sustained addition. Case-Laws Income Tax Mon, 01 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782807