https://www.taxtmi.com/caselaws?id=797950 Cash deposits require a satisfactory explanation of their nature and source to avoid treatment as unexplained money. A claim that deposits originated from a partnership firm is not substantiated where the firm's ledger records the underlying sale after the stated cash receipt. Tax on unexplained-money additions remains subject to the rate applicable for the relevant assessment year. An amendment enhancing the tax rate applies prospectively from its stated operative assessment year and does not govern earlier years; the pre-amendment rate therefore applies to the relevant addition. en-us Fri, 21 Aug 2026 00:00:00 +0530 Mon, 31 Aug 2026 08:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797950 Cash deposits require a satisfactory explanation of their nature and source to avoid treatment as unexplained money. A claim that deposits originated from a partnership firm is not substantiated where the firm's ledger records the underlying sale after the stated cash receipt. Tax on unexplained-money additions remains subject to the rate applicable for the relevant assessment year. An amendment enhancing the tax rate applies prospectively from its stated operative assessment year and does not govern earlier years; the pre-amendment rate therefore applies to the relevant addition. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797950