https://www.taxtmi.com/caselaws?id=436432 Where an assessee substantiates a cash deposit with sworn affidavits, land records, bank statement and witness statements showing receipt from the father's claimed agricultural proceeds, jewellery sale and past savings, and the Revenue brings no contrary material, the explanation cannot be rejected on suspicion alone. The unrebutted evidence was accepted, so the addition treating the deposit as unexplained income from undisclosed sources was deleted and the assessment addition was set aside. en-us Wed, 15 Feb 2023 00:00:00 +0530 Thu, 13 Apr 2023 07:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436432 Where an assessee substantiates a cash deposit with sworn affidavits, land records, bank statement and witness statements showing receipt from the father's claimed agricultural proceeds, jewellery sale and past savings, and the Revenue brings no contrary material, the explanation cannot be rejected on suspicion alone. The unrebutted evidence was accepted, so the addition treating the deposit as unexplained income from undisclosed sources was deleted and the assessment addition was set aside. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436432