https://www.taxtmi.com/caselaws?id=783959 Cash deposits made during the demonetisation period were treated as satisfactorily explained through telescoping of earlier disclosed and taxed income. The assessee had already offered substantial additional income in prior years, and settlement proceedings had recognised the availability of that cash balance for adjustment. As the Revenue did not show that the earlier income had been deployed elsewhere or was unavailable, the principle against taxing the same income twice applied. On that basis, the proposed addition under section 69 read with section 115BBE was unsustainable. en-us Mon, 01 Dec 2025 00:00:00 +0530 Fri, 26 Dec 2025 07:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783959 Cash deposits made during the demonetisation period were treated as satisfactorily explained through telescoping of earlier disclosed and taxed income. The assessee had already offered substantial additional income in prior years, and settlement proceedings had recognised the availability of that cash balance for adjustment. As the Revenue did not show that the earlier income had been deployed elsewhere or was unavailable, the principle against taxing the same income twice applied. On that basis, the proposed addition under section 69 read with section 115BBE was unsustainable. Case-Laws Income Tax Mon, 01 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783959