https://www.taxtmi.com/caselaws?id=791992 Cash deposits alleged to be unexplained income under section 69A were not finally upheld because the Tribunal found the factual record insufficient to verify whether the receipts had been contemporaneously recorded as professional income and whether the bank deposits were duly explained; the addition was therefore restored to the Assessing Officer for fresh factual examination. The Tribunal also held that the amendment to section 115BBE operated from 1 April 2017 and applied only from assessment year 2018-19 onwards, so the unamended provision would govern any addition for the relevant year. The assessee succeeded on the applicability of the amended provision. en-us Fri, 15 May 2026 00:00:00 +0530 Thu, 21 May 2026 08:30:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791992 Cash deposits alleged to be unexplained income under section 69A were not finally upheld because the Tribunal found the factual record insufficient to verify whether the receipts had been contemporaneously recorded as professional income and whether the bank deposits were duly explained; the addition was therefore restored to the Assessing Officer for fresh factual examination. The Tribunal also held that the amendment to section 115BBE operated from 1 April 2017 and applied only from assessment year 2018-19 onwards, so the unamended provision would govern any addition for the relevant year. The assessee succeeded on the applicability of the amended provision. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791992