https://www.taxtmi.com/caselaws?id=464181 ITAT Mumbai allowed the assessee's appeal and deleted additions under sections 69B/68 relating to unexplained cash deposits claimed to be proceeds of silver and jewellery sold by the assessee's mother. The Tribunal found the Revenue had accepted much larger bank deposits without inquiry, so disbelieving a smaller sum was unreasonable. As the assessee (a retired government employee) was not required to maintain books and the department failed to make adequate enquiries, the additions were held unsustainable and set aside. en-us Wed, 26 Aug 2020 00:00:00 +0530 Thu, 09 Oct 2025 20:48:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464181 ITAT Mumbai allowed the assessee's appeal and deleted additions under sections 69B/68 relating to unexplained cash deposits claimed to be proceeds of silver and jewellery sold by the assessee's mother. The Tribunal found the Revenue had accepted much larger bank deposits without inquiry, so disbelieving a smaller sum was unreasonable. As the assessee (a retired government employee) was not required to maintain books and the department failed to make adequate enquiries, the additions were held unsustainable and set aside. Case-Laws Income Tax Wed, 26 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464181