Revenue Cannot Question Assessee’s Cash Decisions; ₹38 Lakh Additions Deleted

Laveena Jain Vs ITO (ITAT Delhi) Revenue Cannot Question Assessee’s Wisdom in Retaining Cash-ITAT Delhi Deletes Entire ₹38 Lakh Demon–Cash Deposit and Agricultural Income Additions This appeal challenged the NFAC order dated 28.07.2025 which had affirmed additions of ₹13,00,000 u/s 69A (cash deposited during demonetization) and ₹25,00,000 u/s 68 (alleged inflated agricultural income), aggregating to ₹38,00,000, besides restricting agricultural income to ₹1,54,450. The selection of the case was for limited scrutiny—agricultural income & demonetization cash deposits. The orig...