https://www.taxtmi.com/caselaws?id=469533 Cash deposits in the assessee's bank account during the demonetisation period were explained by agricultural income, past savings, low household expenditure and ownership of agricultural land. Land records supported cultivation, and the possibility of agricultural receipts and accumulated savings could not be excluded. Considering these surrounding circumstances, including the assessee's age, widowhood, absence of family support and agricultural background, the ITAT further moderated the addition. The addition, which had already been restricted by the first appellate authority, was reduced to 25% of the cash deposits and the balance was deleted, resulting in partial relief to the assessee. en-us Fri, 07 Mar 2025 00:00:00 +0530 Sat, 20 Jun 2026 21:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469533 Cash deposits in the assessee's bank account during the demonetisation period were explained by agricultural income, past savings, low household expenditure and ownership of agricultural land. Land records supported cultivation, and the possibility of agricultural receipts and accumulated savings could not be excluded. Considering these surrounding circumstances, including the assessee's age, widowhood, absence of family support and agricultural background, the ITAT further moderated the addition. The addition, which had already been restricted by the first appellate authority, was reduced to 25% of the cash deposits and the balance was deleted, resulting in partial relief to the assessee. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469533