https://www.taxtmi.com/caselaws?id=788973 Unexplained cash deposits in bank accounts were sustained only to the extent not supported by credible evidence, because the assessee's cash book and opening balance lacked independent verification, while relief was accepted for car sale proceeds and part of the deposits attributable to past and current savings. The addition was therefore deleted in part and upheld only for the unexplained balance. The amended section 115BBE was held applicable to the relevant assessment year but not to cash deposits already made before the amendment came into force on 15.12.2016. The amended rate could not be applied to pre-amendment transactions, and relief was granted on that issue. en-us Wed, 11 Mar 2026 00:00:00 +0530 Wed, 01 Apr 2026 07:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788973 Unexplained cash deposits in bank accounts were sustained only to the extent not supported by credible evidence, because the assessee's cash book and opening balance lacked independent verification, while relief was accepted for car sale proceeds and part of the deposits attributable to past and current savings. The addition was therefore deleted in part and upheld only for the unexplained balance. The amended section 115BBE was held applicable to the relevant assessment year but not to cash deposits already made before the amendment came into force on 15.12.2016. The amended rate could not be applied to pre-amendment transactions, and relief was granted on that issue. Case-Laws Income Tax Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788973