The Income Tax Appellate Tribunal (ITAT), Bangalore bench in a matter of addition to unaccounted cash based on deposits during demonetisation directed the assessee to establish the genuineness of money. The Assessing Officer (AO) made the disallowance in respect of cash deposited in the bank accounts of Shri T. Sriranga, the assessee amounting to Rs.46,85,140/-….
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