https://www.taxtmi.com/caselaws?id=467129 Cash deposits during the demonetisation period require a plausible, satisfactorily supported explanation of source and accumulation; where declared pension receipts and stated income do not credibly account for deposits, the unexplained portion may be treated as taxable unexplained money and added to income. In the present matter the appellate authority accepted part of the deposits as legitimate savings but sustained an addition of the unexplained balance and refused late-filed corroborative evidence as an afterthought, thereby confirming the addition against the assessee. en-us Fri, 21 Feb 2025 00:00:00 +0530 Fri, 06 Mar 2026 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467129 Cash deposits during the demonetisation period require a plausible, satisfactorily supported explanation of source and accumulation; where declared pension receipts and stated income do not credibly account for deposits, the unexplained portion may be treated as taxable unexplained money and added to income. In the present matter the appellate authority accepted part of the deposits as legitimate savings but sustained an addition of the unexplained balance and refused late-filed corroborative evidence as an afterthought, thereby confirming the addition against the assessee. Case-Laws Income Tax Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467129