https://www.taxtmi.com/caselaws?id=777539 ITAT Chennai held that the AO's addition of Rs.22,60,000 under s.69A was not maintainable and deleted it. The Tribunal found a nexus between withdrawals and deposits to the extent of Rs.18,00,000 and accepted the explanation that the cash in hand arose from salary and marriage gifts, noting absence of contrary evidence. CIT(A)'s doubts about custody and travel of cash were held unjustified, and the addition confirmed below was set aside in favour of the assessee. en-us Wed, 20 Aug 2025 00:00:00 +0530 Mon, 01 Sep 2025 08:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777539 ITAT Chennai held that the AO's addition of Rs.22,60,000 under s.69A was not maintainable and deleted it. The Tribunal found a nexus between withdrawals and deposits to the extent of Rs.18,00,000 and accepted the explanation that the cash in hand arose from salary and marriage gifts, noting absence of contrary evidence. CIT(A)'s doubts about custody and travel of cash were held unjustified, and the addition confirmed below was set aside in favour of the assessee. Case-Laws Income Tax Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777539