https://www.taxtmi.com/caselaws?id=772527 Cash deposits could not be treated as unexplained money under section 69A where the assessee produced audited books, the audit report and balance sheet, and showed corresponding cash withdrawals from the bank account. The Revenue did not dispute the withdrawals or bring any material to show that the deposited cash came from another source or that the withdrawn cash had been used elsewhere. In the absence of contrary evidence, the explanation linking the deposits to earlier withdrawals was accepted, and the addition was deleted. en-us Wed, 04 Jun 2025 00:00:00 +0530 Tue, 10 Jun 2025 08:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772527 Cash deposits could not be treated as unexplained money under section 69A where the assessee produced audited books, the audit report and balance sheet, and showed corresponding cash withdrawals from the bank account. The Revenue did not dispute the withdrawals or bring any material to show that the deposited cash came from another source or that the withdrawn cash had been used elsewhere. In the absence of contrary evidence, the explanation linking the deposits to earlier withdrawals was accepted, and the addition was deleted. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772527