https://www.taxtmi.com/caselaws?id=778940 Cash deposits during the demonetisation period were examined under section 69A on the basis of claimed past withdrawals and cash reconciliations. The addition was not upheld in full because the department brought no independent evidence of undisclosed cash introduction and did not verify utilisation of withdrawals. However, the explanation was not fully accepted because the October withdrawal remained unexplained despite available opening cash, and the reconciliation showed a cash difference. The addition was therefore restricted to the unexplained balance of Rs. 17,53,484, granting partial relief. en-us Fri, 22 Aug 2025 00:00:00 +0530 Thu, 25 Sep 2025 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778940 Cash deposits during the demonetisation period were examined under section 69A on the basis of claimed past withdrawals and cash reconciliations. The addition was not upheld in full because the department brought no independent evidence of undisclosed cash introduction and did not verify utilisation of withdrawals. However, the explanation was not fully accepted because the October withdrawal remained unexplained despite available opening cash, and the reconciliation showed a cash difference. The addition was therefore restricted to the unexplained balance of Rs. 17,53,484, granting partial relief. Case-Laws Income Tax Fri, 22 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778940