Held that taking into consideration entire withdrawals of family and also giving weightage to family expenses, demonetized cash deposit was to be treated as explained and thus, addition made by Assessing Officer is deleted.(AY. 2017-18)
Abdul Razaak. v. ITO (IT) (2023) 202 ITD 161 (Chennai) (Trib.)
S. 68 : Cash credits-Cash deposited-Demonetization-Considering entire withdrawal of family and also giving weightage to family expenses, demonetized cash deposit was to be treated as explained-Addition is deleted.[S.115BBE]