https://www.taxtmi.com/caselaws?id=469910 Unexplained cash deposits during the demonetisation period remained taxable under section 69A where the assessee did not produce the cash book, sale invoices or other primary records before the Assessing Officer despite notices under sections 133(6) and 142(1). The appellate view that the deposits were covered by cash withdrawals and cash sales was not accepted because those foundational documents were not verified before assessment and no remand examination of additional material was obtained. A mere assertion that the books were not rejected could not establish the source of the deposits. The addition was therefore sustained and restored in favour of the Revenue. en-us Tue, 11 Mar 2025 00:00:00 +0530 Wed, 08 Jul 2026 20:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469910 Unexplained cash deposits during the demonetisation period remained taxable under section 69A where the assessee did not produce the cash book, sale invoices or other primary records before the Assessing Officer despite notices under sections 133(6) and 142(1). The appellate view that the deposits were covered by cash withdrawals and cash sales was not accepted because those foundational documents were not verified before assessment and no remand examination of additional material was obtained. A mere assertion that the books were not rejected could not establish the source of the deposits. The addition was therefore sustained and restored in favour of the Revenue. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469910