https://www.taxtmi.com/caselaws?id=799856 Cash deposits during demonetisation recorded in unrejected audited books and supported by verifiable prior bank withdrawals satisfy the source-explanation requirement for unexplained cash credits. Where books are not rejected and bank records substantiate withdrawals and subsequent deposits, the deposits cannot be treated as unexplained income. The enhanced tax rate with surcharge under section 115BBE does not apply for assessment year 2017-18. Accordingly, additions for the cash deposits and their treatment as unexplained income were unsustainable. en-us Fri, 18 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799856 Cash deposits during demonetisation recorded in unrejected audited books and supported by verifiable prior bank withdrawals satisfy the source-explanation requirement for unexplained cash credits. Where books are not rejected and bank records substantiate withdrawals and subsequent deposits, the deposits cannot be treated as unexplained income. The enhanced tax rate with surcharge under section 115BBE does not apply for assessment year 2017-18. Accordingly, additions for the cash deposits and their treatment as unexplained income were unsustainable. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799856