https://www.taxtmi.com/caselaws?id=772928 Cash deposits during the demonetisation period were examined under section 69A, with the assessee's explanation tested against surrounding facts, the modest quantum involved, and CBDT Instruction No. 3/2017 on household savings. Where the cash deposits were small, the assessee also had commission income, and the available cash explanation was reasonably supported by the overall facts, the deposit need not be treated as unexplained money. The operative effect is that a demonetisation-period cash deposit is not automatically taxable as undisclosed income when the factual explanation for cash in hand is plausible and supported by the record. en-us Tue, 06 May 2025 00:00:00 +0530 Mon, 16 Jun 2025 08:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772928 Cash deposits during the demonetisation period were examined under section 69A, with the assessee's explanation tested against surrounding facts, the modest quantum involved, and CBDT Instruction No. 3/2017 on household savings. Where the cash deposits were small, the assessee also had commission income, and the available cash explanation was reasonably supported by the overall facts, the deposit need not be treated as unexplained money. The operative effect is that a demonetisation-period cash deposit is not automatically taxable as undisclosed income when the factual explanation for cash in hand is plausible and supported by the record. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772928