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of <h1>Tribunal Partially Allows Tax Appeal, Deletes Rs. 8.00 Lacs; Section 115BBE Not Retrospective for 2017-18.</h1> In a tax appeal case, the tribunal examined issues surrounding unexplained cash deposits and the applicability of Section 115BBE of the Income Tax Act, 1961. The appellant challenged an order from the National Faceless Appeal Centre for the Assessment Year 2017-18, disputing the addition of Rs. 10,90,000 as unexplained deposits under Section 69A. The tribunal recognized Rs. 6.00 lacs as an available cash balance, partially allowing the appeal by deleting Rs. 8.00 lacs. It ruled that Section 115BBE's amended provisions are not retrospective. This case highlights the necessity of maintaining proper financial records and understanding tax law amendments.
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