Demonetisation Deposits Partly Explained, ITAT Limits 69A Addition

Rajinder Singh Jain Vs ITO (ITAT Delhi) Demonetisation Deposits Partly Sustained: ITAT Delhi Restricts 69A Addition to ₹2 Lakh; 115BBE Held Inapplicable The Delhi ITAT (SMC), in Rajinder Singh Jain v. ITO (ITA No. 7297/Del/2025, AY 2017-18; order dated 24.12.2025), has partly allowed the Assessee’s appeal, substantially reducing the addition made on account of demonetisation cash deposits and directing that section 115BBE shall not apply. The Assessee had deposited ₹14.21 lakh in cash during the demonetisation period, which was treated by the AO as unexplained money u/s 69A and taxed at ...