https://www.taxtmi.com/caselaws?id=785171 Decision addresses taxability of cash deposits during the demonetisation period where most explanations were accepted but certain opening balance and receipts from acquaintances were disallowed; the tribunal accepted that past savings and some receipts could be partially credited and estimated a lump sum addition of Rs.3,00,000 which is to be taxed at normal rates. The tribunal applied precedent limiting revenues power to impose enhanced tax rates to transactions from the specified cut-off date onward, with a lower special rate applicable to earlier transactions, directing the assessing officer to apply normal taxation to the sustained addition. en-us Thu, 15 Jan 2026 00:00:00 +0530 Mon, 19 Jan 2026 07:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785171 Decision addresses taxability of cash deposits during the demonetisation period where most explanations were accepted but certain opening balance and receipts from acquaintances were disallowed; the tribunal accepted that past savings and some receipts could be partially credited and estimated a lump sum addition of Rs.3,00,000 which is to be taxed at normal rates. The tribunal applied precedent limiting revenues power to impose enhanced tax rates to transactions from the specified cut-off date onward, with a lower special rate applicable to earlier transactions, directing the assessing officer to apply normal taxation to the sustained addition. Case-Laws Income Tax Thu, 15 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785171