https://www.taxtmi.com/caselaws?id=788264 Impugned cash deposits made during the demonetisation period could not be satisfactorily shown to belong to any third party, and the assessee failed to rebut statutory presumptions; therefore the tax authority applied the tests for unexplained cash under Sections 69 and 69A and the special tax treatment under Section 115BBE, concluding that the deposits constituted unexplained income. The documentary record, cash books and investigative material did not establish ownership by a consultant or third party, so the addition of the deposited amount as unexplained income was sustained. 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=788264 Impugned cash deposits made during the demonetisation period could not be satisfactorily shown to belong to any third party, and the assessee failed to rebut statutory presumptions; therefore the tax authority applied the tests for unexplained cash under Sections 69 and 69A and the special tax treatment under Section 115BBE, concluding that the deposits constituted unexplained income. The documentary record, cash books and investigative material did not establish ownership by a consultant or third party, so the addition of the deposited amount as unexplained income was sustained. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788264