https://www.taxtmi.com/caselaws?id=462307 Cash deposits made during the demonetisation period were not unexplained money under section 69A where the assessee showed that the receipts came from members in the ordinary course of business and were recorded in its books. The Tribunal held that the source of the money was not in dispute, and the mere fact that the notes were specified bank notes accepted after 08.11.2016 did not, by itself, transform explained receipts into deemed unexplained income. On those facts, the addition under section 69A was unsustainable and was deleted. en-us Thu, 12 Sep 2024 00:00:00 +0530 Tue, 10 Jun 2025 10:49:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462307 Cash deposits made during the demonetisation period were not unexplained money under section 69A where the assessee showed that the receipts came from members in the ordinary course of business and were recorded in its books. The Tribunal held that the source of the money was not in dispute, and the mere fact that the notes were specified bank notes accepted after 08.11.2016 did not, by itself, transform explained receipts into deemed unexplained income. On those facts, the addition under section 69A was unsustainable and was deleted. Case-Laws Income Tax Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462307