https://www.taxtmi.com/caselaws?id=792645 Section 69A could not be applied to demonetisation-era cash deposits where the assessee offered a plausible business-linked explanation and the Revenue produced no contrary material. A deposit of Rs. 46,000 was directly linked to a prior cash withdrawal and redeposit, making the explanation commercially credible. The remaining deposits of Rs. 2,08,000 were treated as business collections from a cash-based stamp vending activity, supported by accepted books, substantial turnover, and the small comparative quantum in dispute. The addition under section 69A was deleted in full. en-us Fri, 17 Apr 2026 00:00:00 +0530 Mon, 01 Jun 2026 08:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792645 Section 69A could not be applied to demonetisation-era cash deposits where the assessee offered a plausible business-linked explanation and the Revenue produced no contrary material. A deposit of Rs. 46,000 was directly linked to a prior cash withdrawal and redeposit, making the explanation commercially credible. The remaining deposits of Rs. 2,08,000 were treated as business collections from a cash-based stamp vending activity, supported by accepted books, substantial turnover, and the small comparative quantum in dispute. The addition under section 69A was deleted in full. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792645