https://www.taxtmi.com/caselaws?id=799436 Cash deposits during the demonetisation period cannot be treated as unexplained money merely because of the timing of deposit when accepted business turnover in the same accounts provides an apparent source. Section 69A applies only after its statutory conditions are established through material showing an independent, non-business source or an abnormality in the business. Where receipts are accepted as turnover, assessment should ordinarily be limited to the profit element rather than a separate addition of gross receipts. A best-judgment assessment must be fair, material-based, and free from conjecture. en-us Tue, 01 Sep 2026 00:00:00 +0530 Tue, 22 Sep 2026 08:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799436 Cash deposits during the demonetisation period cannot be treated as unexplained money merely because of the timing of deposit when accepted business turnover in the same accounts provides an apparent source. Section 69A applies only after its statutory conditions are established through material showing an independent, non-business source or an abnormality in the business. Where receipts are accepted as turnover, assessment should ordinarily be limited to the profit element rather than a separate addition of gross receipts. A best-judgment assessment must be fair, material-based, and free from conjecture. Case-Laws Income Tax Tue, 01 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799436