https://www.taxtmi.com/caselaws?id=773001 ITAT Lucknow allowed the assessee's appeal against addition under section 69A for unexplained cash deposits. The tribunal accepted the explanation that elderly assessee and spouse, both suffering from medical ailments, maintained reasonable cash at home for emergency medical expenses. Despite citing P. Mohankala SC case, the tribunal found surrounding circumstances including old age, medical conditions, multiple income sources, and supporting documentation made the explanation acceptable. The tribunal criticized both AO and CIT(A) for passing orders with premeditated mindset lacking reason and balance. en-us Tue, 29 Apr 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773001 ITAT Lucknow allowed the assessee's appeal against addition under section 69A for unexplained cash deposits. The tribunal accepted the explanation that elderly assessee and spouse, both suffering from medical ailments, maintained reasonable cash at home for emergency medical expenses. Despite citing P. Mohankala SC case, the tribunal found surrounding circumstances including old age, medical conditions, multiple income sources, and supporting documentation made the explanation acceptable. The tribunal criticized both AO and CIT(A) for passing orders with premeditated mindset lacking reason and balance. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773001