https://www.taxtmi.com/caselaws?id=775775 Cash deposits of specified bank notes during demonetisation cannot be treated as unexplained money under section 69A merely because they were deposited within a particular period, where the depositor has explained that the funds came from members and that explanation is not rejected. The sustained addition was therefore deleted. For an assessment year preceding the stricter filing requirement introduced under section 80AC, deduction under section 80P cannot be denied solely because the regular return was not filed by the due date or was treated as invalid, where the claim was made in a return filed in response to statutory notice. The deduction was allowed. en-us Mon, 14 Jul 2025 00:00:00 +0530 Thu, 31 Jul 2025 08:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775775 Cash deposits of specified bank notes during demonetisation cannot be treated as unexplained money under section 69A merely because they were deposited within a particular period, where the depositor has explained that the funds came from members and that explanation is not rejected. The sustained addition was therefore deleted. For an assessment year preceding the stricter filing requirement introduced under section 80AC, deduction under section 80P cannot be denied solely because the regular return was not filed by the due date or was treated as invalid, where the claim was made in a return filed in response to statutory notice. The deduction was allowed. Case-Laws Income Tax Mon, 14 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775775