https://www.taxtmi.com/caselaws?id=789115 Cash deposits made by an educational society during demonetisation could not be assessed as unexplained cash credits under section 68 where the receipts were already recorded in the books and disclosed in the return as gross receipts. The society substantiated the deposits with cash book entries, fee records, course details and other documents, showing that the money represented fee collections already accounted for as income. On those facts, mere deposit of the same receipts in cash during the demonetisation period did not justify a fresh addition or trigger taxation under section 115BBE. The ITAT Delhi held that the addition was unsustainable and granted relief. en-us Wed, 25 Feb 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789115 Cash deposits made by an educational society during demonetisation could not be assessed as unexplained cash credits under section 68 where the receipts were already recorded in the books and disclosed in the return as gross receipts. The society substantiated the deposits with cash book entries, fee records, course details and other documents, showing that the money represented fee collections already accounted for as income. On those facts, mere deposit of the same receipts in cash during the demonetisation period did not justify a fresh addition or trigger taxation under section 115BBE. The ITAT Delhi held that the addition was unsustainable and granted relief. Case-Laws Income Tax Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789115