https://www.taxtmi.com/caselaws?id=780499 ITAT (Bangalore) allowed the assessee's appeal and set aside an addition under s. 69A relating to unexplained cash deposits. The Tribunal held the AO erred by disregarding the assessee's books and treating recorded receipts as unexplained, thereby making an addition of Rs. 11,52,165 despite the sum of Rs. 32,14,313 being reflected in the accounts. The AO was directed to delete the s. 69A addition and not rely on an independent fund-flow computation contrary to the books. en-us Wed, 22 Oct 2025 00:00:00 +0530 Fri, 31 Oct 2025 08:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780499 ITAT (Bangalore) allowed the assessee's appeal and set aside an addition under s. 69A relating to unexplained cash deposits. The Tribunal held the AO erred by disregarding the assessee's books and treating recorded receipts as unexplained, thereby making an addition of Rs. 11,52,165 despite the sum of Rs. 32,14,313 being reflected in the accounts. The AO was directed to delete the s. 69A addition and not rely on an independent fund-flow computation contrary to the books. Case-Laws Income Tax Wed, 22 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780499