https://www.taxtmi.com/caselaws?id=779951 ITAT (Visakhapatnam) held that the assessee failed to fully discharge the onus under s.69A for cash deposits, noting inconsistent explanations and lack of documentary support, and the immediate conversion of cash into fixed deposits. The Tribunal found the claimant's account of accumulated savings and family support partially plausible on circumstantial evidence, allowing relief of Rs.15,00,000 out of Rs.17,50,000 and confirming an addition of Rs.2,50,000. Appeal partly allowed. en-us Wed, 22 Jan 2025 00:00:00 +0530 Thu, 16 Oct 2025 08:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779951 ITAT (Visakhapatnam) held that the assessee failed to fully discharge the onus under s.69A for cash deposits, noting inconsistent explanations and lack of documentary support, and the immediate conversion of cash into fixed deposits. The Tribunal found the claimant's account of accumulated savings and family support partially plausible on circumstantial evidence, allowing relief of Rs.15,00,000 out of Rs.17,50,000 and confirming an addition of Rs.2,50,000. Appeal partly allowed. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779951