https://www.taxtmi.com/caselaws?id=779244 ITAT upheld the AO's addition under s.69 for unexplained bank credits totaling Rs.5,15,000, finding the assessee failed to prove their nature and source. However, the Tribunal held a Rs.4,55,000 credit was a reversal of stamp duty supported by earlier bank credit and directed the AO to delete the addition in respect of that amount. The appeal was therefore partly allowed, sustaining the addition for Rs.5,15,000 and deleting the addition for Rs.4,55,000. en-us Fri, 26 Sep 2025 00:00:00 +0530 Wed, 01 Oct 2025 09:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779244 ITAT upheld the AO's addition under s.69 for unexplained bank credits totaling Rs.5,15,000, finding the assessee failed to prove their nature and source. However, the Tribunal held a Rs.4,55,000 credit was a reversal of stamp duty supported by earlier bank credit and directed the AO to delete the addition in respect of that amount. The appeal was therefore partly allowed, sustaining the addition for Rs.5,15,000 and deleting the addition for Rs.4,55,000. Case-Laws Income Tax Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779244