https://www.taxtmi.com/caselaws?id=778156 ITAT allowed the appeal in favour of the assessee, upholding the CIT(A)'s deletion of additions made by the AO under s.69A for alleged unexplained cash deposits. The Tribunal agreed that audited financial statements and books reflected the bank account and balances, the actual cash deposited was lower than the AO's figure and was corroborated in the ITR system, and the assessee had accounted for the credits. The AO's basis for addition was rejected. en-us Mon, 08 Sep 2025 00:00:00 +0530 Thu, 11 Sep 2025 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778156 ITAT allowed the appeal in favour of the assessee, upholding the CIT(A)'s deletion of additions made by the AO under s.69A for alleged unexplained cash deposits. The Tribunal agreed that audited financial statements and books reflected the bank account and balances, the actual cash deposited was lower than the AO's figure and was corroborated in the ITR system, and the assessee had accounted for the credits. The AO's basis for addition was rejected. Case-Laws Income Tax Mon, 08 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778156