https://www.taxtmi.com/caselaws?id=795101 Cash deposits in specified bank notes during demonetisation, where explained as recorded business receipts, cannot be treated as unexplained money merely because of a higher cash balance. The notes state that audited books, day-wise cash records, sales and purchase registers, stock records, quantitative details and VAT returns supported the deposits; the recorded sales and stock movement were undisputed, and the books were not rejected. As no material established undisclosed sources or rebutted the documentary evidence, sections 68 and 69A did not apply. The addition for unexplained money was deleted. en-us Mon, 25 May 2026 00:00:00 +0530 Thu, 16 Jul 2026 11:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795101 Cash deposits in specified bank notes during demonetisation, where explained as recorded business receipts, cannot be treated as unexplained money merely because of a higher cash balance. The notes state that audited books, day-wise cash records, sales and purchase registers, stock records, quantitative details and VAT returns supported the deposits; the recorded sales and stock movement were undisputed, and the books were not rejected. As no material established undisclosed sources or rebutted the documentary evidence, sections 68 and 69A did not apply. The addition for unexplained money was deleted. Case-Laws Income Tax Mon, 25 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795101