https://www.taxtmi.com/caselaws?id=468659 Cash deposits made during the demonetisation period were treated as unexplained money where the assessee failed to substantiate the source with credible contemporaneous evidence. The explanation that the funds came from the spouse's proprietary concern, allegedly sourced from a top-up home loan, was rejected because the claimed cash retention for several months was unsupported, the cash book and voucher pattern lacked credibility, and the explanation appeared to be an afterthought. The addition under section 69A, with consequential tax treatment under section 115BBE, was upheld and the assessee's challenge failed. en-us Thu, 06 Feb 2025 00:00:00 +0530 Fri, 15 May 2026 20:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468659 Cash deposits made during the demonetisation period were treated as unexplained money where the assessee failed to substantiate the source with credible contemporaneous evidence. The explanation that the funds came from the spouse's proprietary concern, allegedly sourced from a top-up home loan, was rejected because the claimed cash retention for several months was unsupported, the cash book and voucher pattern lacked credibility, and the explanation appeared to be an afterthought. The addition under section 69A, with consequential tax treatment under section 115BBE, was upheld and the assessee's challenge failed. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468659