https://www.taxtmi.com/caselaws?id=778300 Where an assessee shows that earlier cash withdrawals exceeded later cash deposits, a reasonable presumption may arise that the deposits were sourced from those withdrawals. The assessee's plausible explanation shifts the burden to the Revenue to rebut it with positive material showing the withdrawn cash was used elsewhere. In the absence of such evidence, cash deposits cannot be treated as unexplained under section 69A of the Income-tax Act, 1961, and the addition is unsustainable. On these facts, the impugned addition was deleted. en-us Thu, 04 Sep 2025 00:00:00 +0530 Sat, 13 Sep 2025 08:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778300 Where an assessee shows that earlier cash withdrawals exceeded later cash deposits, a reasonable presumption may arise that the deposits were sourced from those withdrawals. The assessee's plausible explanation shifts the burden to the Revenue to rebut it with positive material showing the withdrawn cash was used elsewhere. In the absence of such evidence, cash deposits cannot be treated as unexplained under section 69A of the Income-tax Act, 1961, and the addition is unsustainable. On these facts, the impugned addition was deleted. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778300