https://www.taxtmi.com/caselaws?id=793897 Cash deposits explained as redeposits of earlier bank withdrawals, originating from cheque receipts on a distress sale of property, were treated as supported by a plausible and unrebutted source. In the absence of material showing another income source or disproving the fund movement, treatment as unexplained money was not sustainable. Since the underlying addition did not survive, the enhanced tax rate and consequential rectification also failed. The amended higher rate was additionally considered inapplicable in the manner adopted by the lower authorities. en-us Tue, 23 Jun 2026 00:00:00 +0530 Thu, 25 Jun 2026 08:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793897 Cash deposits explained as redeposits of earlier bank withdrawals, originating from cheque receipts on a distress sale of property, were treated as supported by a plausible and unrebutted source. In the absence of material showing another income source or disproving the fund movement, treatment as unexplained money was not sustainable. Since the underlying addition did not survive, the enhanced tax rate and consequential rectification also failed. The amended higher rate was additionally considered inapplicable in the manner adopted by the lower authorities. Case-Laws Income Tax Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793897