https://www.taxtmi.com/caselaws?id=469018 A cash redeposit in a savings bank account was held not to be unexplained money under section 69A where the assessee explained it as redeployment of own accumulated savings earlier withdrawn for family and medical needs during the demonetisation period. The explanation was not disproved by the Revenue, and the fact that presumptive taxation had already been applied to deposits in a separate current account did not change the character of the savings account deposit. On the record, mere redeposit of cash was insufficient to establish unexplained income, so the addition was not sustainable. en-us Wed, 17 Dec 2025 00:00:00 +0530 Fri, 29 May 2026 15:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469018 A cash redeposit in a savings bank account was held not to be unexplained money under section 69A where the assessee explained it as redeployment of own accumulated savings earlier withdrawn for family and medical needs during the demonetisation period. The explanation was not disproved by the Revenue, and the fact that presumptive taxation had already been applied to deposits in a separate current account did not change the character of the savings account deposit. On the record, mere redeposit of cash was insufficient to establish unexplained income, so the addition was not sustainable. Case-Laws Income Tax Wed, 17 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469018