https://www.taxtmi.com/caselaws?id=772844 The SC/Tribunal addressed two key tax issues: (1) treatment of Rs. 8,39,500 cash deposit during demonetization, and (2) discrepancy in salary income. For the first issue, the Tribunal upheld the addition of cash deposit as unexplained income under section 69A due to inconsistent explanations and lack of documentary proof. For the second issue, the Tribunal confirmed the Rs. 2,675 addition as the assessee admitted the salary discrepancy and did not challenge it. Both additions were deemed legally justified. en-us Tue, 29 Apr 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772844 The SC/Tribunal addressed two key tax issues: (1) treatment of Rs. 8,39,500 cash deposit during demonetization, and (2) discrepancy in salary income. For the first issue, the Tribunal upheld the addition of cash deposit as unexplained income under section 69A due to inconsistent explanations and lack of documentary proof. For the second issue, the Tribunal confirmed the Rs. 2,675 addition as the assessee admitted the salary discrepancy and did not challenge it. Both additions were deemed legally justified. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772844