ITAT Deletes Rs 40.31 Lakh SBN Addition, Says Demonetisation Deposits Alone Cannot Prove Unexplained Cash:

ITAT deletes Rs 40.31 Lakh Section 69A addition, holding that mere SBN deposits during demonetisation cannot justify addition when cash transactions are recorded in audited books.

SBN Deposits During Demonetisation Cannot Solely Trigger Section 69A Addition, Says ITAT

Saloni Kumari

Aug 17, 2026

Last update on Aug 17, 2026

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ITAT Deletes Rs 40.31 Lakh SBN Addition, Says Demonetisation Deposits Alone Cannot Prove Unexplained Cash

ITAT deletes Rs 40.31 Lakh Section 69A addition, holding that mere SBN deposits during demonetisation cannot justify addition when cash transactions are recorded in audited books.

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Saloni Kumari

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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].