https://www.taxtmi.com/caselaws?id=778943 ITAT held the cash bank deposits were satisfactorily explained as loans from the assessee's husband (now deceased) and brother, with confirmations/ledger evidence, and deleted the addition as unexplained income. Because the addition was discharged, the tribunal also set aside the penalty under section 271(1)(c). Both appeals by the assessee were allowed. en-us Wed, 27 Aug 2025 00:00:00 +0530 Thu, 25 Sep 2025 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778943 ITAT held the cash bank deposits were satisfactorily explained as loans from the assessee's husband (now deceased) and brother, with confirmations/ledger evidence, and deleted the addition as unexplained income. Because the addition was discharged, the tribunal also set aside the penalty under section 271(1)(c). Both appeals by the assessee were allowed. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778943