https://www.taxtmi.com/caselaws?id=788266 Addition under the Income-tax Act treating cash deposits during demonetisation as unexplained cash credits was examined on the basis of produced books, sale bills, land records, farm income ledgers and evidence of prior cash deposits; the legal principle applied required that unexplained credits be treated as income only where explanation is unsatisfactory. Because the assessee furnished documentary evidence and prior deposit history addressing the source, the impugned addition was found to rest on assumption rather than non-explanation and was set aside in the assessee's favour. en-us Mon, 16 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788266 Addition under the Income-tax Act treating cash deposits during demonetisation as unexplained cash credits was examined on the basis of produced books, sale bills, land records, farm income ledgers and evidence of prior cash deposits; the legal principle applied required that unexplained credits be treated as income only where explanation is unsatisfactory. Because the assessee furnished documentary evidence and prior deposit history addressing the source, the impugned addition was found to rest on assumption rather than non-explanation and was set aside in the assessee's favour. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788266