https://www.taxtmi.com/caselaws?id=771068 SC dismissed the Special Leave Petition, upholding the HC's finding that the assessee's explanation for cash deposits made after the 8 Nov 2016 demonetisation notification was inadequate under section 69A. The HC rightly held the nature and source of the funds were not explained, allowing the Assessing Officer to treat the deposits as unexplained income. The SC found no reason to interfere with the HC's order. en-us Fri, 16 May 2025 00:00:00 +0530 Thu, 04 Jun 2026 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771068 SC dismissed the Special Leave Petition, upholding the HC's finding that the assessee's explanation for cash deposits made after the 8 Nov 2016 demonetisation notification was inadequate under section 69A. The HC rightly held the nature and source of the funds were not explained, allowing the Assessing Officer to treat the deposits as unexplained income. The SC found no reason to interfere with the HC's order. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771068