https://www.taxtmi.com/caselaws?id=765338 ITAT Pune dismissed Revenue's appeal regarding cash deposits treated as unexplained under Section 69A. The assessee successfully explained the nature and source of bank deposits as arising from recorded cash sales, providing detailed purchase, sales, and stock records. Since individual cash sales were below Rs. 2 lakh threshold, PAN details weren't required from customers. The tribunal upheld CIT(A)'s finding that Section 69A provisions were inapplicable as deposits originated from legitimate business operations already recorded in books of account. en-us Mon, 27 Jan 2025 00:00:00 +0530 Thu, 30 Jan 2025 08:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765338 ITAT Pune dismissed Revenue's appeal regarding cash deposits treated as unexplained under Section 69A. The assessee successfully explained the nature and source of bank deposits as arising from recorded cash sales, providing detailed purchase, sales, and stock records. Since individual cash sales were below Rs. 2 lakh threshold, PAN details weren't required from customers. The tribunal upheld CIT(A)'s finding that Section 69A provisions were inapplicable as deposits originated from legitimate business operations already recorded in books of account. Case-Laws Income Tax Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765338