https://www.taxtmi.com/caselaws?id=776569 The ITAT Chennai upheld the CIT(A)'s deletion of additions made by the AO regarding unaccounted cash deposits and interest for AY 2012-13, finding no corroborative evidence beyond an uncorroborated sworn statement. Additions based solely on third-party material without proper inquiry were also deleted for AY 2015-16. Further, additions for unexplained cash were disallowed as the reconciliation submitted by the assessee was unrefuted and credible. The tribunal held that the Revenue failed to discharge its burden of proof through independent or documentary evidence, rendering the AO's substantive and protective additions unsustainable. All impugned additions were rightly deleted, and the decision favored the assessee. en-us Wed, 06 Aug 2025 00:00:00 +0530 Tue, 12 Aug 2025 13:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776569 The ITAT Chennai upheld the CIT(A)'s deletion of additions made by the AO regarding unaccounted cash deposits and interest for AY 2012-13, finding no corroborative evidence beyond an uncorroborated sworn statement. Additions based solely on third-party material without proper inquiry were also deleted for AY 2015-16. Further, additions for unexplained cash were disallowed as the reconciliation submitted by the assessee was unrefuted and credible. The tribunal held that the Revenue failed to discharge its burden of proof through independent or documentary evidence, rendering the AO's substantive and protective additions unsustainable. All impugned additions were rightly deleted, and the decision favored the assessee. Case-Laws Income Tax Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776569