https://www.taxtmi.com/caselaws?id=777397 ITAT Mumbai held that cash deposited during demonetisation could not be added in full where the assessee substantiated part of the deposit with rental income from letting out a Gala. Balance sheets, cash books, ledger accounts and return acknowledgments supported receipt of rental compensation over earlier years, and the assessing authority accepted rent for part of the relevant period as a source. As no enquiry was made from the tenants to disprove the explanation, rental income of Rs. 3,72,000 was treated as explained cash, and the addition was confined only to the unexplained balance. en-us Thu, 09 Jan 2025 00:00:00 +0530 Fri, 29 Aug 2025 08:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777397 ITAT Mumbai held that cash deposited during demonetisation could not be added in full where the assessee substantiated part of the deposit with rental income from letting out a Gala. Balance sheets, cash books, ledger accounts and return acknowledgments supported receipt of rental compensation over earlier years, and the assessing authority accepted rent for part of the relevant period as a source. As no enquiry was made from the tenants to disprove the explanation, rental income of Rs. 3,72,000 was treated as explained cash, and the addition was confined only to the unexplained balance. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777397