https://www.taxtmi.com/caselaws?id=778298 ITAT, Mumbai deleted the addition made under section 69A relating to alleged unexplained sale proceeds deposited during demonetisation, allowing the assessee's grounds. The tribunal held hypothecation of livestock irrelevant after repayment of the loan, found identity of livestock purchasers established by confirmations with Aadhaar and PAN, and noted Revenue made no independent inquiry to impeach purchasers' creditworthiness. Given the assessee's demonstrated net cash flow and absence of material contradicting the claim that deposits derived from livestock sales, the impugned addition was set aside. 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=778298 ITAT, Mumbai deleted the addition made under section 69A relating to alleged unexplained sale proceeds deposited during demonetisation, allowing the assessee's grounds. The tribunal held hypothecation of livestock irrelevant after repayment of the loan, found identity of livestock purchasers established by confirmations with Aadhaar and PAN, and noted Revenue made no independent inquiry to impeach purchasers' creditworthiness. Given the assessee's demonstrated net cash flow and absence of material contradicting the claim that deposits derived from livestock sales, the impugned addition was set aside. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778298