Addition towards cash deposit during demonetization set aside as source explained

Shravan Singh Parmar Vs ITO (ITAT Mumbai) ITAT Mumbai held that addition under section 69A of the Income Tax Act towards cash deposited in the bank account during demonetization period deleted since source of cash deposit duly explained. Facts- Assessee has preferred the present appeal. The only grievance raised by the assessee, in the present appeal, is against the addition of Rs.12,24,500/- under section 69A of the Income Tax Act on account of cash deposits in the bank account during the demonetization period. Conclusion- The Co-ordinate Bench of the Tribunal in TamilNadu State Marketing Cor...