https://www.taxtmi.com/caselaws?id=770894 ITAT Delhi ruled in favor of the assessee regarding unexplained cash deposits in bank account. While AO accepted the sources of cash deposits, he rejected deposits made from cash withdrawals. The tribunal found that assessee had withdrawn Rs. 13,30,000 during the year and re-deposited portions within one-month intervals. The cash withdrawals were traceable to respective deposits, with sufficient documentary evidence supporting the assessee's submissions. The tribunal allowed the appeal. en-us Fri, 09 May 2025 00:00:00 +0530 Sat, 17 May 2025 08:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770894 ITAT Delhi ruled in favor of the assessee regarding unexplained cash deposits in bank account. While AO accepted the sources of cash deposits, he rejected deposits made from cash withdrawals. The tribunal found that assessee had withdrawn Rs. 13,30,000 during the year and re-deposited portions within one-month intervals. The cash withdrawals were traceable to respective deposits, with sufficient documentary evidence supporting the assessee's submissions. The tribunal allowed the appeal. Case-Laws Income Tax Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770894