https://www.taxtmi.com/caselaws?id=795816 Cash deposits during demonetisation were explained as marriage gifts retained for household and medical contingencies, including the needs of a specially-abled step-son and an ailing mother-in-law. The absence of complete documentation and the time gap between the marriage and deposit did not, by themselves, establish unexplained money. In the absence of material linking the cash to an undisclosed source, unaccounted business activity or other incriminating circumstances, the explanation was treated as reasonable and satisfactory. The addition for unexplained money and consequential special-rate taxation were deleted. en-us Tue, 07 Jul 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795816 Cash deposits during demonetisation were explained as marriage gifts retained for household and medical contingencies, including the needs of a specially-abled step-son and an ailing mother-in-law. The absence of complete documentation and the time gap between the marriage and deposit did not, by themselves, establish unexplained money. In the absence of material linking the cash to an undisclosed source, unaccounted business activity or other incriminating circumstances, the explanation was treated as reasonable and satisfactory. The addition for unexplained money and consequential special-rate taxation were deleted. Case-Laws Income Tax Tue, 07 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795816