https://www.taxtmi.com/caselaws?id=790108 Cash deposits made during demonetisation were not treated as unexplained income where the assessee showed regular jewellery-business cash sales, month-wise sales data and no contrary evidence discrediting those receipts; the addition was deleted. Disallowance under section 40A(3) for cash expenses required fresh verification because the vouchers reflected clubbed payments to different persons, with each individual payment below the statutory limit, but the vouchers lacked complete recipient details and the genuineness of the expenditure remained in doubt; the matter was remitted for examination of supporting evidence. en-us Thu, 26 Mar 2026 00:00:00 +0530 Mon, 20 Apr 2026 08:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790108 Cash deposits made during demonetisation were not treated as unexplained income where the assessee showed regular jewellery-business cash sales, month-wise sales data and no contrary evidence discrediting those receipts; the addition was deleted. Disallowance under section 40A(3) for cash expenses required fresh verification because the vouchers reflected clubbed payments to different persons, with each individual payment below the statutory limit, but the vouchers lacked complete recipient details and the genuineness of the expenditure remained in doubt; the matter was remitted for examination of supporting evidence. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790108