https://www.taxtmi.com/caselaws?id=461826 Cash deposits made during the demonetisation period were explained through business closure records showing realisation of debtors, settlement of creditors and liquidation of stock. The deposits were also correlated with cash sales and collections from debtors, and the cash flow statement showed sufficient available cash balance to cover the deposits. On that basis, the source of the cash deposits was treated as fully substantiated and the corresponding addition was deleted as unsustainable. en-us Thu, 16 Mar 2023 00:00:00 +0530 Thu, 01 May 2025 19:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461826 Cash deposits made during the demonetisation period were explained through business closure records showing realisation of debtors, settlement of creditors and liquidation of stock. The deposits were also correlated with cash sales and collections from debtors, and the cash flow statement showed sufficient available cash balance to cover the deposits. On that basis, the source of the cash deposits was treated as fully substantiated and the corresponding addition was deleted as unsustainable. Case-Laws Income Tax Thu, 16 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461826