Tuition Income & Marriage Gifts: ITAT Quashes Demonetization Cash Deposit Addition

Hitesh Jaysingbhai Purohit Vs ITO (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT) Ahmedabad allowed the appeal filed by Hitesh Jaysingbhai Purohit, quashing the addition of ₹10,09,750 made by the Assessing Officer (AO) under Section 69A of the Income Tax Act for the Assessment Year 2017-18. The AO had added this amount, representing cash deposits made during the demonetization period, as unexplained cash credits. Purohit, an individual with professional income, had filed his return declaring ₹3,04,500. During the appellate proceedings before the Commissioner of Income Tax (Appeal...