https://www.taxtmi.com/caselaws?id=469505 Cash deposits during the demonetisation period were examined under section 69A, with the assessee relying on filed returns and a cash flow statement showing accumulated surplus from house property income, other sources, and reduced personal drawings. The material indicated some source for the deposits, but the entire accumulated surplus could not be accepted as cash on hand. In the peculiar facts, only a reasonable portion of the claimed surplus was treated as explained, and the addition was restricted to 50% of the sustained amount. en-us Thu, 06 Mar 2025 00:00:00 +0530 Fri, 19 Jun 2026 19:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469505 Cash deposits during the demonetisation period were examined under section 69A, with the assessee relying on filed returns and a cash flow statement showing accumulated surplus from house property income, other sources, and reduced personal drawings. The material indicated some source for the deposits, but the entire accumulated surplus could not be accepted as cash on hand. In the peculiar facts, only a reasonable portion of the claimed surplus was treated as explained, and the addition was restricted to 50% of the sustained amount. Case-Laws Income Tax Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469505