https://www.taxtmi.com/caselaws?id=467669 Cash deposits in the bank account were held not to warrant addition under section 68 where the assessee explained them as redeposits from prior cash withdrawals and opening cash balance. A consistent withdrawal pattern over several months, audited books of account, accepted opening cash balance, and the absence of any disturbance to the book results supported the explanation. On these facts, the cash corpus claimed for redeposit during the demonetization period was accepted, and the addition was deleted. en-us Mon, 17 Feb 2025 00:00:00 +0530 Sat, 28 Mar 2026 18:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467669 Cash deposits in the bank account were held not to warrant addition under section 68 where the assessee explained them as redeposits from prior cash withdrawals and opening cash balance. A consistent withdrawal pattern over several months, audited books of account, accepted opening cash balance, and the absence of any disturbance to the book results supported the explanation. On these facts, the cash corpus claimed for redeposit during the demonetization period was accepted, and the addition was deleted. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467669