https://www.taxtmi.com/caselaws?id=789970 Cash deposits made during the demonetisation period were held not to be unexplained money under section 69A where the assessee showed, from regular books and surrounding records, that the deposits came from accounted business receipts. The record supported the explanation that the cash represented sale proceeds already reflected in the accounts, and there was no contrary material showing diversion of available cash to another source. On that basis, the addition was deleted, reinforcing that an explanation supported by books and business records cannot be rejected without adequate factual basis. en-us Wed, 15 Apr 2026 00:00:00 +0530 Fri, 17 Apr 2026 08:21:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789970 Cash deposits made during the demonetisation period were held not to be unexplained money under section 69A where the assessee showed, from regular books and surrounding records, that the deposits came from accounted business receipts. The record supported the explanation that the cash represented sale proceeds already reflected in the accounts, and there was no contrary material showing diversion of available cash to another source. On that basis, the addition was deleted, reinforcing that an explanation supported by books and business records cannot be rejected without adequate factual basis. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789970