https://www.taxtmi.com/caselaws?id=792199 Cash deposits during demonetisation were held not taxable as unexplained money under section 69A where the assessee produced sale registers, purchase registers, sample sale bills and a cash flow statement to explain the source. The ITAT found that these records, together with the small-scale imitation jewellery business activity, showed availability of cash in hand and adequately explained the bank deposits. As the revenue did not rebut the explanation with contrary material, the assessee's onus was treated as discharged and the addition was deleted. en-us Wed, 29 Apr 2026 00:00:00 +0530 Mon, 25 May 2026 08:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792199 Cash deposits during demonetisation were held not taxable as unexplained money under section 69A where the assessee produced sale registers, purchase registers, sample sale bills and a cash flow statement to explain the source. The ITAT found that these records, together with the small-scale imitation jewellery business activity, showed availability of cash in hand and adequately explained the bank deposits. As the revenue did not rebut the explanation with contrary material, the assessee's onus was treated as discharged and the addition was deleted. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792199