https://www.taxtmi.com/caselaws?id=777932 Unexplained cash deposit during demonetisation was examined in light of the assessee's explanation that the money represented family savings accumulated over time. The small amount of the deposit and the discontinuance of Rs. 500 and Rs. 1,000 currency notes were treated as relevant circumstances supporting that explanation. On that basis, the source of the deposit was accepted and the addition was deleted. en-us Wed, 15 Jan 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777932 Unexplained cash deposit during demonetisation was examined in light of the assessee's explanation that the money represented family savings accumulated over time. The small amount of the deposit and the discontinuance of Rs. 500 and Rs. 1,000 currency notes were treated as relevant circumstances supporting that explanation. On that basis, the source of the deposit was accepted and the addition was deleted. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777932