https://www.taxtmi.com/caselaws?id=465958 Where cash deposits made during the demonetization period were recorded in the books of account, supported by audited financial statements, bank statements, sales and purchase ledgers, vouchers and stock records, the statutory provision targeting unexplained money cannot be invoked to treat those deposits as unaccounted investment; precedent requires that investments be absent from books to attract such additions, and reliance on banking-channel payments and contemporaneous audited records negates the levy, resulting in relief to the taxpayer. en-us Mon, 16 Jun 2025 00:00:00 +0530 Sat, 17 Jan 2026 08:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465958 Where cash deposits made during the demonetization period were recorded in the books of account, supported by audited financial statements, bank statements, sales and purchase ledgers, vouchers and stock records, the statutory provision targeting unexplained money cannot be invoked to treat those deposits as unaccounted investment; precedent requires that investments be absent from books to attract such additions, and reliance on banking-channel payments and contemporaneous audited records negates the levy, resulting in relief to the taxpayer. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465958