https://www.taxtmi.com/caselaws?id=777394 Cash deposited during demonetisation was examined under section 69A read with section 115BBE of the Income-tax Act, 1961, where the assessee explained that the funds arose from regular retail business activity in telecommunication products. The record showed that the Revenue had accepted the assessee's other cash transactions as business income and had confined the addition only to the disputed deposit. On those facts, the explanation for the source of cash was found satisfactory, and the addition was deleted. 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=777394 Cash deposited during demonetisation was examined under section 69A read with section 115BBE of the Income-tax Act, 1961, where the assessee explained that the funds arose from regular retail business activity in telecommunication products. The record showed that the Revenue had accepted the assessee's other cash transactions as business income and had confined the addition only to the disputed deposit. On those facts, the explanation for the source of cash was found satisfactory, and the addition was deleted. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777394