https://www.taxtmi.com/caselaws?id=795417 Cash deposits during demonetisation were treated as satisfactorily explained where contemporaneous cash books, bank statements showing prior withdrawals, and records of cash received following the husband's death supported their source. Undisputed withdrawals could not be treated as unavailable merely on assumptions that the cash would have been spent or deployed elsewhere. Retention of substantial cash by a senior citizen with substantial capital could not be rejected solely on suspicion or general notions of normal human conduct. Consequently, the deposits could not be assessed as unexplained money under Section 69A. 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 were treated as satisfactorily explained where contemporaneous cash books, bank statements showing prior withdrawals, and records of cash received following the husband's death supported their source. Undisputed withdrawals could not be treated as unavailable merely on assumptions that the cash would have been spent or deployed elsewhere. Retention of substantial cash by a senior citizen with substantial capital could not be rejected solely on suspicion or general notions of normal human conduct. Consequently, the deposits could not be assessed as unexplained money under Section 69A. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795417