https://www.taxtmi.com/caselaws?id=777412 Cash deposits in the assessee's bank account were not fully unexplained where the returned income had been accepted and prior returns showed declared income over earlier years, making accumulated savings plausible. The time gap between withdrawals and redeposit of cash did not, by itself, establish a specific alternative use of the funds, so the explanation could not be rejected outright. At the same time, the material did not justify full acceptance of the claim. The addition was therefore restricted to Rs. 1 lakh, with balance relief granted to the assessee. en-us Mon, 18 Aug 2025 00:00:00 +0530 Fri, 29 Aug 2025 08:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777412 Cash deposits in the assessee's bank account were not fully unexplained where the returned income had been accepted and prior returns showed declared income over earlier years, making accumulated savings plausible. The time gap between withdrawals and redeposit of cash did not, by itself, establish a specific alternative use of the funds, so the explanation could not be rejected outright. At the same time, the material did not justify full acceptance of the claim. The addition was therefore restricted to Rs. 1 lakh, with balance relief granted to the assessee. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777412