ITAT Deletes Section 69A Addition as Cash Deposits Were Backed by Cash-in-Hand

Advertisement Shantaben Manubhai Patel Vs ACIT (ITAT Surat) The appeal before the ITAT Surat arose from an order of the Commissioner of Income Tax (Appeals) for Assessment Year 2017-18 confirming an addition under Section 69A of the Income-tax Act, 1961. The assessee, a senior citizen widow deriving income mainly from interest and agricultural activities, challenged the addition of cash deposits made during the demonetisation period and also raised an additional ground regarding the applicability of tax under Section 115BBE. The Tribunal admitted the appeal after considering the delay in fi...