https://www.taxtmi.com/caselaws?id=772769 The ITAT Ahmedabad ruled in favor of the assessee regarding unexplained cash deposits under section 69A. The tribunal held that non-cooperation of third parties cannot determine transaction genuineness, as notices were served but parties didn't respond for unknown reasons. The assessee substantiated agricultural income with bills and had accepted labor contract income of Rs. 10 lakhs. The tribunal found that cash deposits could be attributed to these legitimate income sources totaling Rs. 10 lakhs, directing deletion of the addition to this extent, rejecting the lower authorities' conclusion that the explanations were fabricated. en-us Wed, 23 Apr 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772769 The ITAT Ahmedabad ruled in favor of the assessee regarding unexplained cash deposits under section 69A. The tribunal held that non-cooperation of third parties cannot determine transaction genuineness, as notices were served but parties didn't respond for unknown reasons. The assessee substantiated agricultural income with bills and had accepted labor contract income of Rs. 10 lakhs. The tribunal found that cash deposits could be attributed to these legitimate income sources totaling Rs. 10 lakhs, directing deletion of the addition to this extent, rejecting the lower authorities' conclusion that the explanations were fabricated. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772769