https://www.taxtmi.com/caselaws?id=462590 Cash deposited during the demonetisation period was held to be explained because the assessee showed that proceeds from an earlier sale of agricultural land were available in cash and had been kept with his brother for a proposed land purchase before being returned and deposited. The Assessing Officer failed to establish that the cash was otherwise spent, and the assessee also explained domestic expenditure and its source. On these facts, the addition under section 69A and taxation under section 115BBE was deleted. en-us Fri, 24 Feb 2023 00:00:00 +0530 Wed, 02 Jul 2025 19:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462590 Cash deposited during the demonetisation period was held to be explained because the assessee showed that proceeds from an earlier sale of agricultural land were available in cash and had been kept with his brother for a proposed land purchase before being returned and deposited. The Assessing Officer failed to establish that the cash was otherwise spent, and the assessee also explained domestic expenditure and its source. On these facts, the addition under section 69A and taxation under section 115BBE was deleted. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462590