https://www.taxtmi.com/caselaws?id=780994 ITAT held in favour of the assessee, setting aside additions under s.69A relating to alleged unexplained cash deposits. The tribunal found the AO's allegation lacked merit because no specific bank account number was cited and actual HDFC bank deposits exceeded AO's figures. As the assessee produced audited accounts, cash book and reconciliations showing the cash was recorded in books, s.69A did not apply (it targets unexplained money not reflected in books). Remand was unwarranted and the additions confirmed by lower authorities were held unsustainable. en-us Wed, 08 Oct 2025 00:00:00 +0530 Mon, 10 Nov 2025 08:56:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780994 ITAT held in favour of the assessee, setting aside additions under s.69A relating to alleged unexplained cash deposits. The tribunal found the AO's allegation lacked merit because no specific bank account number was cited and actual HDFC bank deposits exceeded AO's figures. As the assessee produced audited accounts, cash book and reconciliations showing the cash was recorded in books, s.69A did not apply (it targets unexplained money not reflected in books). Remand was unwarranted and the additions confirmed by lower authorities were held unsustainable. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780994