https://www.taxtmi.com/caselaws?id=784846 Whether cash deposits during demonetization were unexplained income: tribunal accepted that bank advances are made for specific purposes and noted the assessee had a bank loan earmarked for cold-storage, and also made a separate deposit of Rs.9 lakhs before demonetization; on the facts the tribunal held the Rs.8 lakhs deposited during demonetization could not be shown to have come from prior cash withdrawals nor adequately explained as cash-in-hand, the legal basis being absence of credible source and proof; result: deposit treated as unexplained and assessment decided against the assessee. en-us Tue, 23 Dec 2025 00:00:00 +0530 Tue, 13 Jan 2026 08:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784846 Whether cash deposits during demonetization were unexplained income: tribunal accepted that bank advances are made for specific purposes and noted the assessee had a bank loan earmarked for cold-storage, and also made a separate deposit of Rs.9 lakhs before demonetization; on the facts the tribunal held the Rs.8 lakhs deposited during demonetization could not be shown to have come from prior cash withdrawals nor adequately explained as cash-in-hand, the legal basis being absence of credible source and proof; result: deposit treated as unexplained and assessment decided against the assessee. Case-Laws Income Tax Tue, 23 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784846