Unexplained cash deposits under section 69A were deleted where bank entries matched regular trading activity and supplier payments.

Cash deposits in the assessee's bank account were examined under section 69A to determine whether they constituted unexplained money. The assessee explained that the deposits arose from regular retail and wholesale trading in namkeen and similar products, and the bank statement showed continuous cash movements and transfers to suppliers and dealers. On that factual basis, the deposits were treated as arising from normal business activity rather than an unexplained source, and the addition under section 69A was deleted.

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Issues: Whether the cash deposits in the assessee's bank account for the relevant assessment year were liable to be treated as unexplained money and added to income under section 69A.

Analysis: The assessee showed that the deposits were made throughout the year in the course of its retail and wholesale business in namkeen and similar products. The bank statement reflected regular cash movement and transfers to suppliers and dealers, supporting the explanation that the deposits arose from normal trading activity rather than an unexplained source.

Conclusion: The addition under section 69A was not justified and was deleted in favour of the assessee.

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