https://www.taxtmi.com/caselaws?id=773270 Cash deposits in a bank account were examined under section 69 of the Income-tax Act, 1961, where the assessee claimed that the money came from his father. The supporting affidavit, however, showed that the father's only stated source was monthly contributions from the assessee and his brothers, and the claimed accumulation was inconsistent with the father's limited receipts and household expenses. On those facts, the explanation for the deposits was found unsatisfactory and the immediate source was not established. The addition of cash deposits as unexplained money was therefore sustained against the assessee. en-us Fri, 16 May 2025 00:00:00 +0530 Fri, 20 Jun 2025 08:34:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773270 Cash deposits in a bank account were examined under section 69 of the Income-tax Act, 1961, where the assessee claimed that the money came from his father. The supporting affidavit, however, showed that the father's only stated source was monthly contributions from the assessee and his brothers, and the claimed accumulation was inconsistent with the father's limited receipts and household expenses. On those facts, the explanation for the deposits was found unsatisfactory and the immediate source was not established. The addition of cash deposits as unexplained money was therefore sustained against the assessee. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773270