https://www.taxtmi.com/caselaws?id=785049 Demonetization-period cash deposits were challenged as unexplained cash additions under income tax provisions; the tribunal applied the test of human probability and found the deposits recorded in books, supported by cash book entries and stock movement, demonstrating declared cash sales and past savings as source. Because the assessee was not a habitual cash depositor and the revenue had previously accepted cash sales in accounts, the invocation of unexplained cash addition was rejected and the assessee's claim was allowed. en-us Wed, 26 Nov 2025 00:00:00 +0530 Fri, 16 Jan 2026 08:03:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785049 Demonetization-period cash deposits were challenged as unexplained cash additions under income tax provisions; the tribunal applied the test of human probability and found the deposits recorded in books, supported by cash book entries and stock movement, demonstrating declared cash sales and past savings as source. Because the assessee was not a habitual cash depositor and the revenue had previously accepted cash sales in accounts, the invocation of unexplained cash addition was rejected and the assessee's claim was allowed. Case-Laws Income Tax Wed, 26 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785049