https://www.taxtmi.com/caselaws?id=469790 Cash deposits made during the demonetisation period were not liable to be assessed as unexplained income where audited accounts and a cash book showed sufficient prior cash availability. The enquiry turned on the genuineness of the cash book and whether the deposits were supported by the recorded book balance, not on a mistaken assumption that the financial statements were unaudited or unreliable. On the record, the deposits were traced to cash already available in the assessee's books, so the section 68 addition was held unsustainable and deleted. en-us Mon, 10 Mar 2025 00:00:00 +0530 Fri, 03 Jul 2026 19:00:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469790 Cash deposits made during the demonetisation period were not liable to be assessed as unexplained income where audited accounts and a cash book showed sufficient prior cash availability. The enquiry turned on the genuineness of the cash book and whether the deposits were supported by the recorded book balance, not on a mistaken assumption that the financial statements were unaudited or unreliable. On the record, the deposits were traced to cash already available in the assessee's books, so the section 68 addition was held unsustainable and deleted. Case-Laws Income Tax Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469790