https://www.taxtmi.com/caselaws?id=792569 Cash deposits made during the demonetisation period were held to be explained where the assessee's cash book showed substantial cash in hand before, during and after the period, with cash on hand exceeding the impugned deposits. The addition under section 68 was made only for the demonetised currency component, while the surrounding cash deposits were otherwise accepted. On the material recorded, the deposits were found to have come out of explained cash in hand duly reflected in the books, and the addition was deleted as unsustainable. en-us Wed, 06 May 2026 00:00:00 +0530 Sat, 30 May 2026 08:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792569 Cash deposits made during the demonetisation period were held to be explained where the assessee's cash book showed substantial cash in hand before, during and after the period, with cash on hand exceeding the impugned deposits. The addition under section 68 was made only for the demonetised currency component, while the surrounding cash deposits were otherwise accepted. On the material recorded, the deposits were found to have come out of explained cash in hand duly reflected in the books, and the addition was deleted as unsustainable. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792569