{"id":50580,"date":"2025-02-03T19:25:28","date_gmt":"2025-02-03T13:55:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dipak-balubhai-patel-huf-v-ito-2024-208-itd-386-115-itr-624-ahd-trib\/"},"modified":"2025-02-03T19:25:28","modified_gmt":"2025-02-03T13:55:28","slug":"dipak-balubhai-patel-huf-v-ito-2024-208-itd-386-115-itr-624-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dipak-balubhai-patel-huf-v-ito-2024-208-itd-386-115-itr-624-ahd-trib\/","title":{"rendered":"Dipak Balubhai Patel (HUF) v. ITO 2024] 208 ITD 386\/115 ITR 624 (Ahd) (Trib.)"},"content":{"rendered":"<p>Assessee is\u00a0 Karta of HUF.\u00a0 During demonetization period, assessee deposited cash\u00a0 in bank account.\u00a0 Assessing Officer made addition as unexplained money under section 69A and taxed same under section 115BBE. CIT(A) affirmed the addition. On appeal the Tribunal held that since assessee had recorded cash deposits in his books of account and source of cash deposits during demonetization period was also maintained\u00a0 the\u00a0 Assessing Officer is\u00a0 not correct in invoking provisions of section 69A and charging tax under section 115BBE. Addition is deleted. (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69A : Unexplained money-Cash deposit-Demonetization period-Source explained-Addition is deleted.[S.115BBE] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-50580","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-d9O","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=50580"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50580\/revisions"}],"predecessor-version":[{"id":50581,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50580\/revisions\/50581"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}