https://www.taxtmi.com/caselaws?id=785055 Cash deposits of specified bank notes during demonetisation were examined under section 69A, with the text stating that where the cash book and regular books of account recorded prior cash availability and the deposits were traceable from those records, the deposits could not be treated as unexplained merely because they were made during demonetisation. The commentary also notes that incomplete supporting evidence, such as missing agreements and purchase bills, may justify only partial relief rather than full acceptance. It further states that the sustained addition was not to be taxed under section 115BBE but at the normal rate, on the basis that the amount was treated as business receipts rather than unexplained income. en-us Mon, 15 Dec 2025 00:00:00 +0530 Fri, 16 Jan 2026 08:03:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785055 Cash deposits of specified bank notes during demonetisation were examined under section 69A, with the text stating that where the cash book and regular books of account recorded prior cash availability and the deposits were traceable from those records, the deposits could not be treated as unexplained merely because they were made during demonetisation. The commentary also notes that incomplete supporting evidence, such as missing agreements and purchase bills, may justify only partial relief rather than full acceptance. It further states that the sustained addition was not to be taxed under section 115BBE but at the normal rate, on the basis that the amount was treated as business receipts rather than unexplained income. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785055