2025 (2) TMI 1322

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.... : Shri. Ganesh R. Ghale, Advocate, Standing Counsel for Revenue. ORDER PER LAXMI PRASAD SAHU, ACCOUNTANT MEMBER : This appeal filed by the assessee against the Order passed by The CIT(A) confirming the addition made by the AO under section 69A of the Act, for upholding the cash deposited during the demonetization period of Rs. 9,00,500/-. 2. Briefly stated the facts of the case are th....

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....d professional fee from M/s. Shree Renuka Sugars Ltd., and he revised return of income declaring gross total income of Rs. 3,37,600/- and claimed deduction under Chapter VIA of Rs. 33,290/-. Assessee has no other income except salary income. The learned Counsel for the assessee further submitted that his mother is living with the assessee and she is a senior citizen and she was running small shop ....

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....zation and money could have been deposited before demonetization period. 6. Considering the rival submissions, we noted that during the course of demonetization, a sum of Rs. 9,00,500/- was deposited in the Post Office savings account. On perusal of the documents furnished by the assessee containing page Nos.1 to 10 and page Nos.1 to 43, the learned Counsel for the assessee has filed affidavit ....

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....t confirming the same amount of Rs. 6 lakh as received from his mother vide affidavit dated 18.12.2024. During the course of proceedings before the Revenue authorities, assessee could not substantiate for proof of cash deposited during the demonetization period. Considering the affidavit filed before us and facts of the case as detailed in the affidavit, we are allowing the entire cash handed over....