https://www.taxtmi.com/highlights?id=76333 Addition u/s. 69A - unexplained cash deposits in the bank account - The Tribunal found the explanation provided by the assessee regarding the sale consideration for real estate transactions to be credible, especially considering the stamp paper in the purchaser's name and the nature of the assessee's business. - However, discrepancies were noted in the explanation provided for loan proceeds, leading to the Tribunal upholding a portion of the addition as unexplained. - In conclusion, the Tribunal partly allowed the assessee's appeal, directing the deletion of a significant portion of the addition while upholding a portion as unexplained. en-us Thu, 04 Apr 2024 08:20:32 +0530 Thu, 04 Apr 2024 08:20:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76333 Addition u/s. 69A - unexplained cash deposits in the bank account - The Tribunal found the explanation provided by the assessee regarding the sale consideration for real estate transactions to be credible, especially considering the stamp paper in the purchaser's name and the nature of the assessee's business. - However, discrepancies were noted in the explanation provided for loan proceeds, leading to the Tribunal upholding a portion of the addition as unexplained. - In conclusion, the Tribunal partly allowed the assessee's appeal, directing the deletion of a significant portion of the addition while upholding a portion as unexplained. Highlights Income Tax Thu, 04 Apr 2024 08:20:32 +0530 https://www.taxtmi.com/highlights?id=76333