ITAT Chandigarh Set Aside Demonetisation Cash Addition Due to Proven Cash Availability

Ankit Mittal Vs ITO (ITAT Chandigarh)

The appeal before the Income Tax Appellate Tribunal, Chandigarh Bench, concerned the assessment year 2017–18 and challenged the order dated 22.08.2025 passed by the Commissioner of Income Tax (Appeals). Although multiple grounds were raised, the core issue was the confirmation of an addition of ₹10 lakh and the application of the higher tax rate under section 115BBE of the Income Tax Act.

The assessee, an employee of Tata Consultancy Services Ltd., derived income from salary and bank interest and had filed a return declaring total in

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