Income Tax Addition Can't Be Made On Cash Deposits During Demonetization Period: Delhi ITAT

In a case concerning income tax, Delhi ITAT ruled on additions related to cash deposits during the demonetization period. The tribunal considered the assessee's explanations and upheld the addition under Section 68 of the Income Tax Act, emphasizing the necessity for corroborative evidence to substantiate claims. The decision underscores the importance of documentary evidence and consistency in financial disclosures during tax assessments.