https://www.taxtmi.com/caselaws?id=472209 Section 69A applies only when the source of money remains unexplained. Cash deposits of specified bank notes during demonetisation may be treated as explained business receipts where books of account, cash book, VAT returns, sales records and bank statements demonstrate cash sales and collection of trade debts, and no defects, suppressed sales, irregularities or abnormal variations are established. Acceptance of specified bank notes before 31 December 2016 was not prohibited; the material question was whether the deposit source was established. On these facts, addition as unexplained money, including related special-rate treatment, was unsustainable. en-us Mon, 21 Apr 2025 00:00:00 +0530 Sun, 04 Oct 2026 18:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472209 Section 69A applies only when the source of money remains unexplained. Cash deposits of specified bank notes during demonetisation may be treated as explained business receipts where books of account, cash book, VAT returns, sales records and bank statements demonstrate cash sales and collection of trade debts, and no defects, suppressed sales, irregularities or abnormal variations are established. Acceptance of specified bank notes before 31 December 2016 was not prohibited; the material question was whether the deposit source was established. On these facts, addition as unexplained money, including related special-rate treatment, was unsustainable. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472209