https://www.taxtmi.com/caselaws?id=780751 ITAT (Jabalpur) set aside addition under section 69A where AO treated bank deposits as unexplained money transferred to a relative's concern. The tribunal accepted the assessee's unrebutted explanation that the cash-on-hand belonged to the assessee's wife and found no material showing the amount was invested elsewhere. Because the AO and CIT(A) did not verify or rebut the explanation and the addition rested on surmise and conjecture, the tribunal directed deletion of the impugned addition and allowed the assessee's grounds of appeal. en-us Thu, 25 Sep 2025 00:00:00 +0530 Wed, 05 Nov 2025 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780751 ITAT (Jabalpur) set aside addition under section 69A where AO treated bank deposits as unexplained money transferred to a relative's concern. The tribunal accepted the assessee's unrebutted explanation that the cash-on-hand belonged to the assessee's wife and found no material showing the amount was invested elsewhere. Because the AO and CIT(A) did not verify or rebut the explanation and the addition rested on surmise and conjecture, the tribunal directed deletion of the impugned addition and allowed the assessee's grounds of appeal. Case-Laws Income Tax Thu, 25 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780751