https://www.taxtmi.com/caselaws?id=778525 ITAT DELHI - AT upheld the CIT(A)'s deletion of additions under s.69A r.w.s.115BBE, rejecting the AO's finding that large cash deposits were unexplained. The tribunal found the assessee's deposits arose from regular accruals of its medical and dental colleges, hospital and pharmacy, corroborated by books of account and documentary evidence not rejected by the AO. Cash retention practices, seasonality of receipts and prior withdrawals explained the deposits. No remand or fresh enquiry was warranted; the addition was deleted and the appeal was decided against the revenue. en-us Fri, 29 Aug 2025 00:00:00 +0530 Thu, 18 Sep 2025 08:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778525 ITAT DELHI - AT upheld the CIT(A)'s deletion of additions under s.69A r.w.s.115BBE, rejecting the AO's finding that large cash deposits were unexplained. The tribunal found the assessee's deposits arose from regular accruals of its medical and dental colleges, hospital and pharmacy, corroborated by books of account and documentary evidence not rejected by the AO. Cash retention practices, seasonality of receipts and prior withdrawals explained the deposits. No remand or fresh enquiry was warranted; the addition was deleted and the appeal was decided against the revenue. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778525