https://www.taxtmi.com/caselaws?id=471712 Demonetised currency received by a recognised LIC premium collection agent from clients for payment of LIC premiums could not be assessed as the agent's unexplained income. Where premium payments in demonetised notes were permitted during the relevant period and the agent handled the collections solely on LIC's behalf, with no finding of personal use, the receipts retained their agency character. The addition treating those collections as unexplained income was deleted. en-us Wed, 09 Apr 2025 00:00:00 +0530 Tue, 15 Sep 2026 19:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471712 Demonetised currency received by a recognised LIC premium collection agent from clients for payment of LIC premiums could not be assessed as the agent's unexplained income. Where premium payments in demonetised notes were permitted during the relevant period and the agent handled the collections solely on LIC's behalf, with no finding of personal use, the receipts retained their agency character. The addition treating those collections as unexplained income was deleted. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471712