Cash Deposits during Demonetization: ITAT Upholds ₹1.10 Cr Addition

Dharmendra Kumar Vs ITO (ITAT Patna) The case of Dharmendra Kumar vs. ITO pertains to the addition of ₹1.10 crore as unexplained income under Section 69A read with Section 115BBE of the Income Tax Act. During the demonetization period, the assessee had deposited significant sums in various bank accounts but failed to file a return of income or provide evidence explaining the sources of these deposits. The Assessing Officer (AO) initiated proceedings under Sections 147, 148, and 142(1) of the Act. Despite repeated notices, the assessee did not respond. Relying on bank statements obtained unde...