https://www.taxtmi.com/caselaws?id=784699 Cash deposits made during the demonetisation period were supported by member-wise details and PAN particulars, and the assessee's financials showed no discrepancy in the members' identities or receipts. On that basis, and consistent with CBDT Instruction No. 3/2017 discouraging additions where cash receipts are linked to identifiable persons with PAN, further enquiry was not required merely because the deposits were in cash during demonetisation. The treatment of the deposits as unexplained cash credit was therefore not justified, and the consequential disallowance under section 80P was also unsustainable. en-us Fri, 28 Nov 2025 00:00:00 +0530 Sat, 10 Jan 2026 08:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784699 Cash deposits made during the demonetisation period were supported by member-wise details and PAN particulars, and the assessee's financials showed no discrepancy in the members' identities or receipts. On that basis, and consistent with CBDT Instruction No. 3/2017 discouraging additions where cash receipts are linked to identifiable persons with PAN, further enquiry was not required merely because the deposits were in cash during demonetisation. The treatment of the deposits as unexplained cash credit was therefore not justified, and the consequential disallowance under section 80P was also unsustainable. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784699