https://www.taxtmi.com/caselaws?id=796678 Cash deposits during demonetisation may be treated as unexplained investment where claimed accumulated salary savings are supported only by self-prepared statements, lack contemporaneous evidence and corresponding bank withdrawals, and subsequent transfers do not satisfy the test of human probabilities. However, an enhanced tax rate for unexplained income introduced prospectively does not apply to deposits made before its effective date. The addition remains sustainable, but tax must be computed under the law applicable when the deposits were made. en-us Mon, 03 Aug 2026 00:00:00 +0530 Sat, 08 Aug 2026 08:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796678 Cash deposits during demonetisation may be treated as unexplained investment where claimed accumulated salary savings are supported only by self-prepared statements, lack contemporaneous evidence and corresponding bank withdrawals, and subsequent transfers do not satisfy the test of human probabilities. However, an enhanced tax rate for unexplained income introduced prospectively does not apply to deposits made before its effective date. The addition remains sustainable, but tax must be computed under the law applicable when the deposits were made. Case-Laws Income Tax Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796678