https://www.taxtmi.com/caselaws?id=772995 The ITAT Jaipur allowed the assessee's appeal against addition u/s 68 for unexplained cash deposits in savings bank account. The assessee had already declared commission income from brokerage activities and provided bank statements showing corresponding deposits/withdrawals supporting the commission earnings. The bench found that the AO failed to issue notice u/s 133(6) to verify facts with the bank and both lower authorities incorrectly confirmed the addition despite the assessee having already offered commission income and paid tax thereon. The addition was deleted. en-us Fri, 11 Apr 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772995 The ITAT Jaipur allowed the assessee's appeal against addition u/s 68 for unexplained cash deposits in savings bank account. The assessee had already declared commission income from brokerage activities and provided bank statements showing corresponding deposits/withdrawals supporting the commission earnings. The bench found that the AO failed to issue notice u/s 133(6) to verify facts with the bank and both lower authorities incorrectly confirmed the addition despite the assessee having already offered commission income and paid tax thereon. The addition was deleted. Case-Laws Income Tax Fri, 11 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772995