https://www.taxtmi.com/caselaws?id=778013 ITAT, Ahmedabad allowed the appeal and set aside the addition under section 69A. The tribunal found the assessee's cash deposits consistent with longstanding cash-based potato trading and accepted the bank statements showing this pattern. The CIT(A) erred in treating deposits as unexplained where the assessee had asserted loan repayment but the revenue failed to verify bank records or substantiate the claim; on the facts and documents produced, no addition was warranted. en-us Tue, 26 Aug 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778013 ITAT, Ahmedabad allowed the appeal and set aside the addition under section 69A. The tribunal found the assessee's cash deposits consistent with longstanding cash-based potato trading and accepted the bank statements showing this pattern. The CIT(A) erred in treating deposits as unexplained where the assessee had asserted loan repayment but the revenue failed to verify bank records or substantiate the claim; on the facts and documents produced, no addition was warranted. Case-Laws Income Tax Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778013