https://www.taxtmi.com/caselaws?id=471788 Cash deposits in specified bank notes may be treated as unexplained money only after allowing a reasonable estimate of cash retained from prior withdrawals; one-third of cumulative withdrawals is recognised as available cash where no evidentiary basis supports either full availability or nil retention. The residual addition remains taxable under the substituted Section 115BBE rate, which applies prospectively from assessment year 2017-18 based on its stated commencement, regardless of when the underlying transaction or income arose. en-us Wed, 09 Apr 2025 00:00:00 +0530 Thu, 17 Sep 2026 18:59:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471788 Cash deposits in specified bank notes may be treated as unexplained money only after allowing a reasonable estimate of cash retained from prior withdrawals; one-third of cumulative withdrawals is recognised as available cash where no evidentiary basis supports either full availability or nil retention. The residual addition remains taxable under the substituted Section 115BBE rate, which applies prospectively from assessment year 2017-18 based on its stated commencement, regardless of when the underlying transaction or income arose. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471788