https://www.taxtmi.com/caselaws?id=792909 Cash deposits made during demonetisation were treated as business sale proceeds received in specified bank notes, and the factual finding on source was not displaced. The mere fact that the assessee was not authorised to collect those notes, or that the transactions breached the restrictions then in force, did not by itself make the deposits unexplained under the Income-tax Act. Where the source of cash is established as sales, the deposits cannot be brought to tax as unexplained money simply because of the manner in which the cash transactions were conducted. The addition under section 69A was deleted. en-us Fri, 22 May 2026 00:00:00 +0530 Fri, 05 Jun 2026 08:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792909 Cash deposits made during demonetisation were treated as business sale proceeds received in specified bank notes, and the factual finding on source was not displaced. The mere fact that the assessee was not authorised to collect those notes, or that the transactions breached the restrictions then in force, did not by itself make the deposits unexplained under the Income-tax Act. Where the source of cash is established as sales, the deposits cannot be brought to tax as unexplained money simply because of the manner in which the cash transactions were conducted. The addition under section 69A was deleted. Case-Laws Income Tax Fri, 22 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792909