ITAT deletes addition of Cash Deposit against Opening Balance during demonetization

Aayodhya Jajra Vs CIT (Appeals) (ITAT Jodhpur) In the case of Aayodhya Jajra vs. CIT (Appeals) before the Income Tax Appellate Tribunal (ITAT) in Jodhpur, the tribunal ruled in favor of the 77-year-old assessee, deleting the addition of cash deposit against the opening balance during the demonetization period. Here’s a detailed summary of the case: The assessee filed her return of income for the assessment year 2017-18, declaring a total income of Rs. 4,10,500/-. The case was selected for scrutiny under the Computer Assisted Scrutiny System (CASS) under section 143(3) of the Income Tax A...