https://www.taxtmi.com/caselaws?id=463257 Where business sales are accepted and the corresponding cash receipts are recorded in the books, cash deposited during demonetisation as specified bank notes by debtors or agents is not treated as unexplained money merely because of the form of deposit. The analysis notes that the books were not rejected, the sales were accepted, and part of the cash deposits had already been explained, so the revenue had to dislodge the assessee's explanation through proper enquiry. On those facts, addition under section 69A and consequential tax under section 115BBE were held unsustainable. en-us Wed, 24 Apr 2024 00:00:00 +0530 Tue, 19 Aug 2025 21:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463257 Where business sales are accepted and the corresponding cash receipts are recorded in the books, cash deposited during demonetisation as specified bank notes by debtors or agents is not treated as unexplained money merely because of the form of deposit. The analysis notes that the books were not rejected, the sales were accepted, and part of the cash deposits had already been explained, so the revenue had to dislodge the assessee's explanation through proper enquiry. On those facts, addition under section 69A and consequential tax under section 115BBE were held unsustainable. Case-Laws Income Tax Wed, 24 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463257