https://www.taxtmi.com/caselaws?id=793031 Cash deposits made during the demonetisation period were treated as unexplained money under section 69A only where the assessee failed to substantiate the source; here, the assessee supported the explanation with a sale agreement-cum-GPA for agricultural land and stated that the sale proceeds were kept in a locker before bank deposit. As the Revenue did not dispute the land sale and the assessee had no other declared source of income for the year, the explanation was found bona fide and supported by the record, rather than resting on suspicion or human probability. The addition under section 69A was deleted. en-us Wed, 13 May 2026 00:00:00 +0530 Mon, 08 Jun 2026 08:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793031 Cash deposits made during the demonetisation period were treated as unexplained money under section 69A only where the assessee failed to substantiate the source; here, the assessee supported the explanation with a sale agreement-cum-GPA for agricultural land and stated that the sale proceeds were kept in a locker before bank deposit. As the Revenue did not dispute the land sale and the assessee had no other declared source of income for the year, the explanation was found bona fide and supported by the record, rather than resting on suspicion or human probability. The addition under section 69A was deleted. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793031