https://www.taxtmi.com/caselaws?id=770332 HC allowed taxpayer's appeal challenging addition of Rs. 2,29,500/- under section 69A of Income Tax Act. Court held that cash deposits in demonetized currency notes during demonetization period cannot be treated as unexplained income when business receipts are properly recorded and accepted by tax authorities. Department failed to provide evidence of suspicious sources, and mere deposit of SBNs does not automatically imply undisclosed income. en-us Mon, 21 Apr 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770332 HC allowed taxpayer's appeal challenging addition of Rs. 2,29,500/- under section 69A of Income Tax Act. Court held that cash deposits in demonetized currency notes during demonetization period cannot be treated as unexplained income when business receipts are properly recorded and accepted by tax authorities. Department failed to provide evidence of suspicious sources, and mere deposit of SBNs does not automatically imply undisclosed income. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770332