https://www.taxtmi.com/caselaws?id=767730 ITAT Ahmedabad allowed partial relief to assessee in unexplained income case. Court deleted additions u/s 69A for cash deposits, holding that withdrawals from bank accounts presumed available for re-deposit without contrary evidence. Additions for sale of Renault and Santro cars deleted as purchaser details were provided, non-response to notices insufficient basis. However, sustained additions for Mercedes Benz car sale due to lack of evidence supporting genuineness, joint venture contribution u/s 68 for insufficient creditworthiness proof, and bogus share sale u/s 69A where purchaser company's cash availability remained unestablished despite multiple opportunities provided. en-us Fri, 21 Mar 2025 00:00:00 +0530 Mon, 24 Mar 2025 08:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767730 ITAT Ahmedabad allowed partial relief to assessee in unexplained income case. Court deleted additions u/s 69A for cash deposits, holding that withdrawals from bank accounts presumed available for re-deposit without contrary evidence. Additions for sale of Renault and Santro cars deleted as purchaser details were provided, non-response to notices insufficient basis. However, sustained additions for Mercedes Benz car sale due to lack of evidence supporting genuineness, joint venture contribution u/s 68 for insufficient creditworthiness proof, and bogus share sale u/s 69A where purchaser company's cash availability remained unestablished despite multiple opportunities provided. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767730