https://www.taxtmi.com/caselaws?id=768369 ITAT Hyderabad partially allowed the assessee's appeal regarding unexplained money under Section 69A. The AO had rejected explanations for agricultural income and gold sale proceeds as sources for cash deposits. The tribunal accepted Rs. 4,50,000 out of Rs. 9 lakhs claimed agricultural income and Rs. 3,50,000 out of Rs. 7,62,500 claimed cash withdrawals as valid sources. Total relief granted was Rs. 8 lakhs from the CIT(A)'s sustained addition of Rs. 17,06,950, leaving a balance addition of Rs. 9,06,950. en-us Thu, 03 Apr 2025 00:00:00 +0530 Sat, 05 Apr 2025 08:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768369 ITAT Hyderabad partially allowed the assessee's appeal regarding unexplained money under Section 69A. The AO had rejected explanations for agricultural income and gold sale proceeds as sources for cash deposits. The tribunal accepted Rs. 4,50,000 out of Rs. 9 lakhs claimed agricultural income and Rs. 3,50,000 out of Rs. 7,62,500 claimed cash withdrawals as valid sources. Total relief granted was Rs. 8 lakhs from the CIT(A)'s sustained addition of Rs. 17,06,950, leaving a balance addition of Rs. 9,06,950. Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768369