https://www.taxtmi.com/caselaws?id=430516 A transport contractor operating government buses fell within the category of transport operators permitted to accept specified bank notes during demonetisation, so deposits of those notes received from passengers could not, without more, be treated as unexplained or undisclosed income. The small size of the deposits compared with overall turnover also weakened any inference of suppression. On that basis, the addition made on account of specified bank notes was unsustainable and was deleted in favour of the assessee. en-us Fri, 04 Nov 2022 00:00:00 +0530 Mon, 21 Nov 2022 09:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430516 A transport contractor operating government buses fell within the category of transport operators permitted to accept specified bank notes during demonetisation, so deposits of those notes received from passengers could not, without more, be treated as unexplained or undisclosed income. The small size of the deposits compared with overall turnover also weakened any inference of suppression. On that basis, the addition made on account of specified bank notes was unsustainable and was deleted in favour of the assessee. Case-Laws Income Tax Fri, 04 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430516