https://www.taxtmi.com/caselaws?id=789023 Cash deposits of Specified Bank Notes disclosed in business transactions could not be partly taxed as unexplained money under section 69A without a specific and reasoned basis. The assessee had shown the deposits in the income computation and was engaged in commission-based fruit supply business involving cash collections. The revenue accepted a substantial part of the same deposits as genuine business receipts but gave no cogent distinction for treating the balance as undisclosed income. On that footing, the addition was deleted and the assessee obtained relief. en-us Tue, 24 Feb 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789023 Cash deposits of Specified Bank Notes disclosed in business transactions could not be partly taxed as unexplained money under section 69A without a specific and reasoned basis. The assessee had shown the deposits in the income computation and was engaged in commission-based fruit supply business involving cash collections. The revenue accepted a substantial part of the same deposits as genuine business receipts but gave no cogent distinction for treating the balance as undisclosed income. On that footing, the addition was deleted and the assessee obtained relief. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789023