https://www.taxtmi.com/caselaws?id=796799 Cash held by a non-earning senior citizen and minors cannot be treated as unexplained solely because they did not file returns where their income was below the taxable threshold. Lifetime household savings, stridhan and customary cash gifts to minors may explain such holdings despite the absence of formal books or mathematical precision. Cash previously accepted as exempt agricultural-land sale proceeds also remained available to explain cash found during search unless the Revenue established that it had been invested or spent elsewhere. Applying telescoping, the addition for unexplained money under Section 69A was deleted. en-us Mon, 20 Jul 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796799 Cash held by a non-earning senior citizen and minors cannot be treated as unexplained solely because they did not file returns where their income was below the taxable threshold. Lifetime household savings, stridhan and customary cash gifts to minors may explain such holdings despite the absence of formal books or mathematical precision. Cash previously accepted as exempt agricultural-land sale proceeds also remained available to explain cash found during search unless the Revenue established that it had been invested or spent elsewhere. Applying telescoping, the addition for unexplained money under Section 69A was deleted. Case-Laws Income Tax Mon, 20 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796799