https://www.taxtmi.com/caselaws?id=776163 The ITAT Chandigarh upheld the CIT(A)'s order disallowing unexplained cash deposits and large credit entries under section 68. The tribunal found that the sale of agricultural land and subsequent bank transactions involving withdrawals and re-deposits, exceeding the deposited amount, were properly scrutinized. Consequently, the unexplained nature of the entries was confirmed, and the addition was justified. The Revenue's appeal was dismissed. en-us Thu, 02 Jan 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776163 The ITAT Chandigarh upheld the CIT(A)'s order disallowing unexplained cash deposits and large credit entries under section 68. The tribunal found that the sale of agricultural land and subsequent bank transactions involving withdrawals and re-deposits, exceeding the deposited amount, were properly scrutinized. Consequently, the unexplained nature of the entries was confirmed, and the addition was justified. The Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 02 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776163