https://www.taxtmi.com/caselaws?id=793099 Cash deposits made during the demonetisation period were examined to see whether they constituted unexplained income. The assessee supported the deposits with donor receipts containing complete particulars and a month-wise comparison of cash deposits across several years, showing no abnormal spike in the relevant period. The deposits were also explained as higher festival-season collections. As the revenue authorities brought no material to establish undisclosed money and relied only on suspicion arising from demonetisation-related deposits, the addition was deleted and the deposits were not treated as unexplained income. en-us Wed, 13 May 2026 00:00:00 +0530 Tue, 09 Jun 2026 07:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793099 Cash deposits made during the demonetisation period were examined to see whether they constituted unexplained income. The assessee supported the deposits with donor receipts containing complete particulars and a month-wise comparison of cash deposits across several years, showing no abnormal spike in the relevant period. The deposits were also explained as higher festival-season collections. As the revenue authorities brought no material to establish undisclosed money and relied only on suspicion arising from demonetisation-related deposits, the addition was deleted and the deposits were not treated as unexplained income. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793099