https://www.taxtmi.com/caselaws?id=775357 The ITAT Bangalore upheld the deletion of additions made by the AO under section 69A regarding alleged unaccounted income and unexplained cash deposits. The CIT(A) agreed with the AO's findings but found the quantum of addition incorrect, noting that the assessee had already offered higher income in earlier years, negating the need for further addition. The revenue failed to prove any error in the CIT(A)'s reasoning or challenge the figures relied upon. Regarding unexplained cash deposits, the tribunal found no infirmity in the assessee's books or evidence of cash availability, and the revenue did not demonstrate misuse of cash balances. Consequently, additions made on both counts were deleted, with the decision rendered against the revenue and in favor of the assessee. en-us Mon, 21 Jul 2025 00:00:00 +0530 Thu, 24 Jul 2025 08:40:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775357 The ITAT Bangalore upheld the deletion of additions made by the AO under section 69A regarding alleged unaccounted income and unexplained cash deposits. The CIT(A) agreed with the AO's findings but found the quantum of addition incorrect, noting that the assessee had already offered higher income in earlier years, negating the need for further addition. The revenue failed to prove any error in the CIT(A)'s reasoning or challenge the figures relied upon. Regarding unexplained cash deposits, the tribunal found no infirmity in the assessee's books or evidence of cash availability, and the revenue did not demonstrate misuse of cash balances. Consequently, additions made on both counts were deleted, with the decision rendered against the revenue and in favor of the assessee. Case-Laws Income Tax Mon, 21 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775357