https://www.taxtmi.com/caselaws?id=784373 Cash deposits during demonetisation were treated as unexplained money under s.69A. The Tribunal held that the assessee satisfactorily explained the source by linking the deposits to cash earlier surrendered and disclosed during survey proceedings and reiterated in a statement under s.131; mere suspicion about the time-gap between disclosure and deposit could not justify an addition without rejecting the explanation on investigation or calling for corroborative evidence. Accordingly, the s.69A addition was deleted. On tax rate, the Tribunal applied the HC view that s.115BBE operates prospectively and therefore could not be invoked for the year in question; the assessee's challenge to s.115BBE was allowed. en-us Mon, 29 Dec 2025 00:00:00 +0530 Sat, 03 Jan 2026 08:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784373 Cash deposits during demonetisation were treated as unexplained money under s.69A. The Tribunal held that the assessee satisfactorily explained the source by linking the deposits to cash earlier surrendered and disclosed during survey proceedings and reiterated in a statement under s.131; mere suspicion about the time-gap between disclosure and deposit could not justify an addition without rejecting the explanation on investigation or calling for corroborative evidence. Accordingly, the s.69A addition was deleted. On tax rate, the Tribunal applied the HC view that s.115BBE operates prospectively and therefore could not be invoked for the year in question; the assessee's challenge to s.115BBE was allowed. Case-Laws Income Tax Mon, 29 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784373