https://www.taxtmi.com/caselaws?id=459139 Cash deposits of specified bank notes after demonetisation were treated as unexplained money where the assessee claimed them as business sales receipts. The notes had ceased to be legal tender from 09.11.2016, so they could not validly be accepted in trade after that date. On that basis, the deposits were brought within section 69A of the Income-tax Act, 1961, and the resulting addition was subjected to tax under section 115BBE. en-us Fri, 16 Jun 2023 00:00:00 +0530 Mon, 02 Dec 2024 10:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459139 Cash deposits of specified bank notes after demonetisation were treated as unexplained money where the assessee claimed them as business sales receipts. The notes had ceased to be legal tender from 09.11.2016, so they could not validly be accepted in trade after that date. On that basis, the deposits were brought within section 69A of the Income-tax Act, 1961, and the resulting addition was subjected to tax under section 115BBE. Case-Laws Income Tax Fri, 16 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459139