This blog post provides a detailed analysis of a significant Income Tax Appellate Tribunal (ITAT) ruling that cancelled a ₹10.46 lakh tax addition against a senior citizen. The case involves a large cash deposit made during the 2016 demonetization period, which the Assessing Officer had treated as unexplained money under Section 69A. The article explains the taxpayer's defense—that the cash was an accumulation of prior bank withdrawals—and breaks down the ITAT's reasoning, which centered on the "preponderance of probabilities" and the lack of contrary evidence from the revenue. The post highlights key takeaways for taxpayers, emphasizing the importance of plausible explanations and proper documentation.