Assessee  deposited high demonetisation notes. Gave explanation that source being cash in hand and repayment by sundry debtors in cash.  AO refused explanation on ground that debtors were  unverifiable . On appeal the CIT(A) affirmed the order of the Assessing Officer . On appeal the Tribunal held that , the assessee is doing moneylending in cash since several years and financial statements support this fact . ⁠Interest received  in cash from debtors has been consistently shown and accepted  in earlier years as well as this year  . The financial statements of earlier two years clearly demonstrate availability of cash balances arising from interest and sundry debtors . ⁠Thus this explanation cannot be treated as an after thought . Tribunal also held that when the assessee has filed overwhelming evidence demonstrating availability of cash in hand and it’s source , the same cannot be rejected  on grounds of afterthought . Addition is deleted . (ITA No 733 / Chny /2024 dt .12 -8 -2024  ) (AY . 2017 -18 )