https://www.taxtmi.com/caselaws?id=773086 Cash deposits in an assessee's credit card account were held to be sufficiently explained where confirmations showed that the amounts were made by concerned entities towards business expenditure and reimbursement of expenses incurred for business purposes. On examination of the material on record, the source of the deposits stood corroborated, so the addition under section 68 was not warranted and was directed to be deleted. en-us Tue, 29 Apr 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773086 Cash deposits in an assessee's credit card account were held to be sufficiently explained where confirmations showed that the amounts were made by concerned entities towards business expenditure and reimbursement of expenses incurred for business purposes. On examination of the material on record, the source of the deposits stood corroborated, so the addition under section 68 was not warranted and was directed to be deleted. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773086