https://www.taxtmi.com/caselaws?id=462117 The SC/Tribunal examined unexplained cash deposits totaling Rs. 4,09,92,430/- in bank accounts. After analyzing bank statements, VAT returns, and cash balances, the Tribunal found the deposits were adequately explained by legitimate sources. The court deleted the entire addition under section 69A, ruling that the excess cash in hand (Rs. 25,58,513/-) exceeded the unexplained cash deposits (Rs. 18,70,883/-), thus negating the presumption of undisclosed income. en-us Wed, 27 Feb 2019 00:00:00 +0530 Sat, 24 May 2025 15:16:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462117 The SC/Tribunal examined unexplained cash deposits totaling Rs. 4,09,92,430/- in bank accounts. After analyzing bank statements, VAT returns, and cash balances, the Tribunal found the deposits were adequately explained by legitimate sources. The court deleted the entire addition under section 69A, ruling that the excess cash in hand (Rs. 25,58,513/-) exceeded the unexplained cash deposits (Rs. 18,70,883/-), thus negating the presumption of undisclosed income. Case-Laws Income Tax Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462117