ITAT Deletes Rs 1.16 Crore Demonetisation Cash Deposit Addition, Dismisses Revenue Appeal:
ITAT held that taxpayer's demonetisation cash deposits were genuine business receipts, upheld deletion of the Rs 1.16 crore Section 69 addition, and dismissed the Revenue's appeal.
ITAT Upholds Deletion of Rs 1.16 Crore Section 69 Addition
Vanshika verma
Jul 11, 2026
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ITAT Deletes Rs 1.16 Crore Demonetisation Cash Deposit Addition, Dismisses Revenue Appeal
ITAT held that taxpayer's demonetisation cash deposits were genuine business receipts, upheld deletion of the Rs 1.16 crore Section 69 addition, and dismissed the Revenue's appeal.
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Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
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