https://www.taxtmi.com/caselaws?id=777816 HC held that no unexplained money under s.69A was established. The cash deposited during demonetization was traced to disclosed bank withdrawals used as short-term advances that were repaid and reflected as closing cash-in-hand on 31-3-2016 and declared in the return for AY 2016-17 filed and processed within statutory limits. AO failed to appreciate the timely filing and processing and the limits for scrutiny; reassessment time-bar under s.149 remained available but did not convert the declared closing balance into unexplained income. Decision for the assessee. en-us Fri, 29 Aug 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777816 HC held that no unexplained money under s.69A was established. The cash deposited during demonetization was traced to disclosed bank withdrawals used as short-term advances that were repaid and reflected as closing cash-in-hand on 31-3-2016 and declared in the return for AY 2016-17 filed and processed within statutory limits. AO failed to appreciate the timely filing and processing and the limits for scrutiny; reassessment time-bar under s.149 remained available but did not convert the declared closing balance into unexplained income. Decision for the assessee. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777816