https://www.taxtmi.com/caselaws?id=771033 A cash-deposit addition under section 69A of the Income-tax Act, 1961 was deleted where the assessee furnished a reconciliation showing that the deposits were sourced from cash sales and withdrawals from the same bank account. Because the reconciliation covered the deposits sustained by the appellate authority and the Revenue did not dispute the stated source, the cash could not be treated as unexplained money. Consequential taxation under section 115BBE therefore also could not survive, and the addition was set aside to that extent. en-us Wed, 30 Apr 2025 00:00:00 +0530 Tue, 20 May 2025 08:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771033 A cash-deposit addition under section 69A of the Income-tax Act, 1961 was deleted where the assessee furnished a reconciliation showing that the deposits were sourced from cash sales and withdrawals from the same bank account. Because the reconciliation covered the deposits sustained by the appellate authority and the Revenue did not dispute the stated source, the cash could not be treated as unexplained money. Consequential taxation under section 115BBE therefore also could not survive, and the addition was set aside to that extent. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771033