https://www.taxtmi.com/caselaws?id=470070 Cash deposited in specified bank notes during the demonetisation period may not be treated as unexplained money under Section 69A where the assessee maintains books and establishes that the deposits arose from disclosed business sales. The relevant legal framework permitted acceptance or dealing with specified bank notes up to 31 December 2016, supporting a bona fide belief that such transactions remained permissible during the relevant period. Where the Assessing Officer does not dispute the disclosed sales as the source of the deposits, the cash cannot be characterised as unexplained money under Section 69A, and the corresponding addition is liable to be deleted. en-us Thu, 13 Mar 2025 00:00:00 +0530 Tue, 14 Jul 2026 19:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470070 Cash deposited in specified bank notes during the demonetisation period may not be treated as unexplained money under Section 69A where the assessee maintains books and establishes that the deposits arose from disclosed business sales. The relevant legal framework permitted acceptance or dealing with specified bank notes up to 31 December 2016, supporting a bona fide belief that such transactions remained permissible during the relevant period. Where the Assessing Officer does not dispute the disclosed sales as the source of the deposits, the cash cannot be characterised as unexplained money under Section 69A, and the corresponding addition is liable to be deleted. Case-Laws Income Tax Thu, 13 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470070