https://www.taxtmi.com/caselaws?id=788854 Cash deposits during the demonetisation period were not treated as unexplained under section 69A because the assessee substantiated that they came from sale proceeds of silver bullion disclosed and taxed under the Income Disclosure Scheme, 2016. The disclosure form, sale pattern in tranches, and computation of short-term capital gains supported the explanation, and the fact that the assessee was not engaged in bullion trading did not by itself make the sale implausible. The ITAT Agra therefore deleted the addition and directed taxation of the short-term capital gains on substantive basis. en-us Fri, 27 Mar 2026 00:00:00 +0530 Mon, 30 Mar 2026 08:48:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788854 Cash deposits during the demonetisation period were not treated as unexplained under section 69A because the assessee substantiated that they came from sale proceeds of silver bullion disclosed and taxed under the Income Disclosure Scheme, 2016. The disclosure form, sale pattern in tranches, and computation of short-term capital gains supported the explanation, and the fact that the assessee was not engaged in bullion trading did not by itself make the sale implausible. The ITAT Agra therefore deleted the addition and directed taxation of the short-term capital gains on substantive basis. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788854