Demonetisation Cash Deposits Fully Explained: ITAT Delhi Deletes Entire Section 69A Addition

ITO Vs Raghav Goel (ITAT Delhi) Demonetisation Cash Deposits Fully Explained: ITAT Delhi Deletes Entire Section 69A Addition The Delhi Bench of the ITAT dismissed the Revenue’s appeal and allowed the assessee’s cross-objection in the case of Raghav Goel (AY 2017-18), thereby deleting the entire addition of ₹2.81 crore made under section 69A on account of cash deposits during the demonetisation period. During survey proceedings under section 133A, the assessee had deposited ₹5.81 crore in cash. Out of this, ₹3 crore was voluntarily declared under PMGKY, 2016, while the balance ₹2.81...