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, 2026Premium
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.
Also Read
ITAT Holds Sale of Transferable Development Rights Taxable as Capital GainsITAT Gives Final Opportunity in Rs 11.22 Crore Tax Addition Case, Makes Relief Conditional on Planting 500 TreesITAT Remands Case for Fresh Adjudication Over Rs 35.50 Lakh Demonetisation Cash Deposit AdditionITAT Remands Case of Rs 2.31 Crore Suspicious Transactions During Demonetisation Period for Fresh Adjudication
About Author
Saloni Kumari
Content Writer
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].
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].
StudyCafe
Delhi, Delhi, India
2592My Recent Articles
- ITAT Remands Case of Rs 2.31 Crore Suspicious Transactions During Demonetisation Period for Fresh AdjudicationPremium
- ITAT Allows Bank Statement as Additional Evidence in Rs 18.31 Lakh Unexplained Cash Credits CasePremium
- CBI Arrests Railway Engineer Red-Handed While Accepting Rs 15 Lakh Bribe in Rs 179.50 Crore Project
- CBDT Notifies Foreign Assets Disclosure Scheme Rules 2026: One-Time Window for Small Taxpayers
- Rs 1.48 Crore Interest on Delayed Property Payments Qualifies as Cost of Acquisition: ITAT DelhiPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts