https://www.taxtmi.com/caselaws?id=795417 Cash deposits during demonetisation may not be treated as unexplained money under Section 69A where they are supported by contemporaneous cash books, prior bank withdrawals and records of cash receipts. The notes state that undisputed withdrawals cannot be presumed to have been used elsewhere without supporting material. Retention of substantial cash by a senior citizen with significant capital cannot be rejected solely on assumptions regarding normal human conduct or suspicion. On the stated facts, the deposits were satisfactorily explained and were not assessable as unexplained money. en-us Wed, 17 Jun 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795417 Cash deposits during demonetisation may not be treated as unexplained money under Section 69A where they are supported by contemporaneous cash books, prior bank withdrawals and records of cash receipts. The notes state that undisputed withdrawals cannot be presumed to have been used elsewhere without supporting material. Retention of substantial cash by a senior citizen with significant capital cannot be rejected solely on assumptions regarding normal human conduct or suspicion. On the stated facts, the deposits were satisfactorily explained and were not assessable as unexplained money. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795417