https://www.taxtmi.com/caselaws?id=772763 ITAT Ahmedabad dismissed the department's appeal regarding unexplained cash credit addition. The CIT(A) correctly deleted the addition after finding that the HDFC Bank account belonged to another company, not the assessee. Similar additions for the same cash deposits were already made in that company's assessment and subsequently deleted upon verification of legitimate cash sales. The tribunal upheld CIT(A)'s decision, noting that taxing the same deposits in both entities would constitute double taxation, and the AO failed to provide evidence linking the deposits to the assessee's undisclosed income. en-us Tue, 22 Apr 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772763 ITAT Ahmedabad dismissed the department's appeal regarding unexplained cash credit addition. The CIT(A) correctly deleted the addition after finding that the HDFC Bank account belonged to another company, not the assessee. Similar additions for the same cash deposits were already made in that company's assessment and subsequently deleted upon verification of legitimate cash sales. The tribunal upheld CIT(A)'s decision, noting that taxing the same deposits in both entities would constitute double taxation, and the AO failed to provide evidence linking the deposits to the assessee's undisclosed income. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772763