https://www.taxtmi.com/caselaws?id=800479 Cash-deposit explanations based on agricultural income must reflect net income available after agricultural expenses, not gross receipts. Accordingly, only the net agricultural income supported the deposits, while the excess agricultural claim remained unexplained. Gift-based explanations require reliable evidence of donor identity, relationship and financial capacity. In the absence of confirmations, identity proof and evidence of capacity, only the accepted portion of gifts could explain the deposits; the remaining amount was treated as unexplained money under Section 69A. en-us Fri, 25 Sep 2026 00:00:00 +0530 Wed, 07 Oct 2026 08:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800479 Cash-deposit explanations based on agricultural income must reflect net income available after agricultural expenses, not gross receipts. Accordingly, only the net agricultural income supported the deposits, while the excess agricultural claim remained unexplained. Gift-based explanations require reliable evidence of donor identity, relationship and financial capacity. In the absence of confirmations, identity proof and evidence of capacity, only the accepted portion of gifts could explain the deposits; the remaining amount was treated as unexplained money under Section 69A. Case-Laws Income Tax Fri, 25 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800479