https://www.taxtmi.com/caselaws?id=471874 Section 69A applies only where money is unrecorded or the explanation of its nature and source is unsatisfactory. Recorded cash balances, cash-book and ledger entries, audited accounts, bank-deposit records, trade practice, agent confirmation, debtor receipts and retail-sale proceeds supported the explanation that cash deposits during demonetisation arose from business transactions. Receipt or deposit of specified bank notes alone does not establish unexplained money without evidence of unaccounted cash or material disproving the stated source. The cash deposits were satisfactorily explained, making the Section 69A addition unsustainable and liable to deletion. en-us Wed, 22 Oct 2025 00:00:00 +0530 Tue, 22 Sep 2026 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471874 Section 69A applies only where money is unrecorded or the explanation of its nature and source is unsatisfactory. Recorded cash balances, cash-book and ledger entries, audited accounts, bank-deposit records, trade practice, agent confirmation, debtor receipts and retail-sale proceeds supported the explanation that cash deposits during demonetisation arose from business transactions. Receipt or deposit of specified bank notes alone does not establish unexplained money without evidence of unaccounted cash or material disproving the stated source. The cash deposits were satisfactorily explained, making the Section 69A addition unsustainable and liable to deletion. Case-Laws Income Tax Wed, 22 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471874