https://www.taxtmi.com/caselaws?id=773574 Cash deposits and bank credits in the same account cannot be treated as unexplained income under section 69A without first considering earlier withdrawals from that account, unless the Revenue shows that the withdrawn cash was used elsewhere or was otherwise unavailable for redeposit. The assessee did not produce adequate documentary support for business activity or the source of the deposits, but the governing principle required verification of the cash flow before the addition could be sustained. The additions were therefore not finally upheld and the matter was remanded to the Assessing Officer for fresh verification and decision according to law. en-us Fri, 25 Apr 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773574 Cash deposits and bank credits in the same account cannot be treated as unexplained income under section 69A without first considering earlier withdrawals from that account, unless the Revenue shows that the withdrawn cash was used elsewhere or was otherwise unavailable for redeposit. The assessee did not produce adequate documentary support for business activity or the source of the deposits, but the governing principle required verification of the cash flow before the addition could be sustained. The additions were therefore not finally upheld and the matter was remanded to the Assessing Officer for fresh verification and decision according to law. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773574