https://www.taxtmi.com/caselaws?id=429945 Cash deposit additions in the assessee's bank account were unsustainable where the assessee produced a cash summary and supporting documentary evidence, including material explaining gifts from the father and business receipts. The evidentiary record was not shown to be defective or unreliable, and the appellate authority did not discredit the documents or explain why the evidence was unacceptable. In the absence of any effective rebuttal, an addition cannot be maintained on suspicion or surmise. The ITAT Surat deleted the addition sustained by the appellate authority. en-us Mon, 17 Oct 2022 00:00:00 +0530 Tue, 08 Nov 2022 09:21:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429945 Cash deposit additions in the assessee's bank account were unsustainable where the assessee produced a cash summary and supporting documentary evidence, including material explaining gifts from the father and business receipts. The evidentiary record was not shown to be defective or unreliable, and the appellate authority did not discredit the documents or explain why the evidence was unacceptable. In the absence of any effective rebuttal, an addition cannot be maintained on suspicion or surmise. The ITAT Surat deleted the addition sustained by the appellate authority. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429945