https://www.taxtmi.com/caselaws?id=779422 ITAT (Bangalore) allowed the assessee's appeal and set aside additions for unexplained cash deposits made on 42 occasions. The Tribunal found no evidence that withdrawals were used for other purposes or that deposits stemmed from unaccounted income; bank and cash statements did not support the AO's assumption. Occasional identical withdrawals and deposits (e.g., Rs. 20,000) did not warrant adverse inference absent contrary evidence. The AO was directed to delete the additions confirmed by the CIT(A). en-us Mon, 29 Sep 2025 00:00:00 +0530 Mon, 06 Oct 2025 09:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779422 ITAT (Bangalore) allowed the assessee's appeal and set aside additions for unexplained cash deposits made on 42 occasions. The Tribunal found no evidence that withdrawals were used for other purposes or that deposits stemmed from unaccounted income; bank and cash statements did not support the AO's assumption. Occasional identical withdrawals and deposits (e.g., Rs. 20,000) did not warrant adverse inference absent contrary evidence. The AO was directed to delete the additions confirmed by the CIT(A). Case-Laws Income Tax Mon, 29 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779422