https://www.taxtmi.com/caselaws?id=471004 Cash deposits during the demonetisation period were treated as unexplained money because no assessment response was filed. The assessee had disclosed presumptive income from construction-material trading, maintained financial statements, and had sales turnover accepted by the Commercial Tax Officer. Once that disclosed computation was accepted, no further income could be taxed from the cash deposits. The addition for unexplained cash deposits was therefore deleted. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 17 Aug 2026 22:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471004 Cash deposits during the demonetisation period were treated as unexplained money because no assessment response was filed. The assessee had disclosed presumptive income from construction-material trading, maintained financial statements, and had sales turnover accepted by the Commercial Tax Officer. Once that disclosed computation was accepted, no further income could be taxed from the cash deposits. The addition for unexplained cash deposits was therefore deleted. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471004