https://www.taxtmi.com/caselaws?id=781255 Cash deposits during the demonetisation period could not be added under section 68 where the assessee produced bank statements, tax records, agricultural-income material and evidence of KCC loan proceeds, and the bank reply also supported the loan source. The addition was unsustainable because the appellate authority affirmed it without adequate verification or confronting the documentary evidence on record. The finding that the source of deposits was not proved was therefore based on insufficient enquiry and unsupported appreciation of evidence, and the addition was deleted. en-us Wed, 10 Sep 2025 00:00:00 +0530 Thu, 13 Nov 2025 08:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781255 Cash deposits during the demonetisation period could not be added under section 68 where the assessee produced bank statements, tax records, agricultural-income material and evidence of KCC loan proceeds, and the bank reply also supported the loan source. The addition was unsustainable because the appellate authority affirmed it without adequate verification or confronting the documentary evidence on record. The finding that the source of deposits was not proved was therefore based on insufficient enquiry and unsupported appreciation of evidence, and the addition was deleted. Case-Laws Income Tax Wed, 10 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781255