Demonetisation Cash Deposits to be Taxed as Business Income, Not Unexplained u/s 69A Dineshkumar Nemichand Jain (ITA No. 781/Ahd/2025) Facts: 1. AO had made two additions: ₹26,57,500 – cash deposits during demonetisation, treated as unexplained u/s 69A & ₹11,11,800 – net profit estimated @ 8% of turnover. 2. CIT(A) partly allowed appeal, sustaining ₹26.57…
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