ITAT Partially Allows Appeal on Cash Deposit during Demonetization Period

Chandrakumari Vs ITO (ITAT Chennai) Introduction: This article discusses the recent ITAT Chennai order in the case of Chandrakumari Vs. ITO. The appeal involves cash deposits made during the demonetization period, and the ITAT partially allows the appeal due to the assessee’s failure to produce documentary evidence for some deposits. Analysis: The appellant filed an appeal against the order of the ld. Commissioner of Income Tax (Appeals), challenging the addition made under section 69A of the Income Tax Act towards unexplained cash deposits made during the demonetization period. The Asse...