https://www.taxtmi.com/caselaws?id=466918 Bank certificates showing that no demonetised currency was deposited, together with acceptance of the returned income and turnover, meant the addition for cash deposits during demonetisation could not stand on mere suspicion. The first appellate authority had examined the assessee's explanation in detail, and no material showed that the deposits were in demonetised notes. On those facts, the deletion of the addition was upheld and the Revenue's challenge failed. en-us Mon, 24 Feb 2025 00:00:00 +0530 Thu, 26 Feb 2026 03:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466918 Bank certificates showing that no demonetised currency was deposited, together with acceptance of the returned income and turnover, meant the addition for cash deposits during demonetisation could not stand on mere suspicion. The first appellate authority had examined the assessee's explanation in detail, and no material showed that the deposits were in demonetised notes. On those facts, the deletion of the addition was upheld and the Revenue's challenge failed. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466918