https://www.taxtmi.com/caselaws?id=791273 Cash redeposits made during demonetisation were held not to be unexplained money under section 69A where the assessee showed earlier withdrawals from the same bank account and the deposits were broadly supported by the bank statement. The addition could not rest only on non-compliance or the time gap between withdrawal and redeposit; without independent inquiry showing that the withdrawn cash was unavailable or used elsewhere, the explanation remained reasonable. Once the withdrawals were accepted and exceeded the deposits, the burden was not to require proof of continuous cash retention through a cash book. The addition was deleted. en-us Wed, 06 May 2026 00:00:00 +0530 Fri, 08 May 2026 07:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791273 Cash redeposits made during demonetisation were held not to be unexplained money under section 69A where the assessee showed earlier withdrawals from the same bank account and the deposits were broadly supported by the bank statement. The addition could not rest only on non-compliance or the time gap between withdrawal and redeposit; without independent inquiry showing that the withdrawn cash was unavailable or used elsewhere, the explanation remained reasonable. Once the withdrawals were accepted and exceeded the deposits, the burden was not to require proof of continuous cash retention through a cash book. The addition was deleted. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791273