https://www.taxtmi.com/caselaws?id=465957 Affidavit evidence was relied upon to explain large cash deposits made during the demonetization period, with the assessee and an elderly family member attesting that cash from lifetime savings was handed over and subsequently deposited and transferred to cooperative bank accounts; the tribunal found the documentary gaps insufficient to rebut the supplied sworn explanations and granted benefit to the assessee for remaining deposits. As a result of accepting the explanation and evidence, the additions under the income assessment were deleted and the appeal was allowed. en-us Thu, 06 Feb 2025 00:00:00 +0530 Fri, 16 Jan 2026 12:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465957 Affidavit evidence was relied upon to explain large cash deposits made during the demonetization period, with the assessee and an elderly family member attesting that cash from lifetime savings was handed over and subsequently deposited and transferred to cooperative bank accounts; the tribunal found the documentary gaps insufficient to rebut the supplied sworn explanations and granted benefit to the assessee for remaining deposits. As a result of accepting the explanation and evidence, the additions under the income assessment were deleted and the appeal was allowed. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465957