https://www.taxtmi.com/caselaws?id=787778 Cash deposits made during the demonetisation period were treated as unexplained income where the assessee failed to furnish any explanation or documentary source despite statutory notices and opportunities; consequently the deposits were assessed as income and taxed under the special tax provision. A claimed current year loss set off was disallowed because the assessee did not produce supporting details for verification, and that disallowance was sustained. The ex parte assessment completed without the assessee's participation was held valid because statutory notices were issued and adequate hearing opportunities were recorded, placing the default on the assessee. en-us Fri, 13 Feb 2026 00:00:00 +0530 Thu, 12 Mar 2026 08:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787778 Cash deposits made during the demonetisation period were treated as unexplained income where the assessee failed to furnish any explanation or documentary source despite statutory notices and opportunities; consequently the deposits were assessed as income and taxed under the special tax provision. A claimed current year loss set off was disallowed because the assessee did not produce supporting details for verification, and that disallowance was sustained. The ex parte assessment completed without the assessee's participation was held valid because statutory notices were issued and adequate hearing opportunities were recorded, placing the default on the assessee. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787778