https://www.taxtmi.com/caselaws?id=776900 Cash deposits in a savings bank account were treated as unexplained income, but the assessee explained them as a contra entry, representing cash withdrawn from one account and deposited in another on the same day. The addition was made without proper enquiry into the source of the deposit, and the appellate order sustained the assessment without dealing with the explanation on merits. On these facts, the source of the deposit was accepted as explained and the addition was held unsustainable. en-us Wed, 08 Jan 2025 00:00:00 +0530 Thu, 21 Aug 2025 08:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776900 Cash deposits in a savings bank account were treated as unexplained income, but the assessee explained them as a contra entry, representing cash withdrawn from one account and deposited in another on the same day. The addition was made without proper enquiry into the source of the deposit, and the appellate order sustained the assessment without dealing with the explanation on merits. On these facts, the source of the deposit was accepted as explained and the addition was held unsustainable. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776900