Informative

ITAT Deletes ₹648 Lakh Addition As Unexplained SBN Deposits

Update / Judgement Date

03 Oct 2025

Source

Taxscan

Author

Sakshi Bhardwaj — WCP Legal Desk

Reading Time

1 min read

Income Tax

The ITAT deleted an addition of ₹648 lakh treating SBN deposits during demonetisation as unexplained, accepting assessee’s explanation of past savings and withdrawals. The article analyses tribunal reasoning, burden of proof, and implications for demonetisation-era tax disputes.

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ITAT Deletes ₹648 Lakh Addition As Unexplained SBN Deposits

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