Pre-Demonetisation Withdrawals Can Explain Post-Ban Cash Deposits

Nikhil Bector Vs DCIT (ITAT Chandigarh) Human Probability Can’t Trump Facts: Cash Withdrawals for Marriage + Demonetisation = Explained Deposit: Chandigarh ITAT Deletes ₹25.52 Lakh u/s 69A Chandigarh ITAT ‘B’ Bench in Nikhil Bector vs DCIT, Circle-1, Ludhiana (ITA No.762/Chd/2025, AY 2017-18, order dated 24-12-2025) allowed the assessee’s appeal and deleted the addition of ₹25,52,000 u/s 69A, holding that cash deposits during demonetisation stood fully explained out of prior disclosed bank withdrawals made for a family marriage. Assessee’s case was selected for scrutiny t...